MARKET WRAP: Rand extends losses as Fitch throws cold water on SA’s debt hopes

The rand extended losses on Friday after Fitch Ratings said SA is unlikely to achieve its plans to stabilise debt levels within four years.

“This reflects persistent challenges in reducing expenditure, boosting growth and insulating public finances from struggling state-owned enterprises, as well as reflecting the impact of the coronavirus pandemic, which will drive a sharp rise in debt to GDP this year,” Fitch said in a statement on Friday.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

MARKET WRAP: Rand and JSE slip on lack of detail in budget speechAnalysts believe that finance minister Tito Mboweni’s supplementary budget lacked detail on implementation
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

MARKET WRAP: JSE drops for a second day amid Covid-19 surgeThe all share and top 40 fell 0.98% and 0.92%, respectively, with other leading indices also down on the day
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

MARKET WRAP: JSE drops for a second day amid Covid-19 surgeThe all share and top 40 fell 0.98% and 0.92%, respectively, with other leading indices also down on the day
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

Fuel prices projected to increase due to weak rand, rebound in global oil market - AA | Fin24The association is projecting that South African motorists will pay about R1.73 more for a litre petrol, and R1.74/l more for diesel from next week. | Fin24
مصدر: News24 - 🏆 4. / 80 اقرأ أكثر »

Telkom on track to take No 3 spot in mobile marketThe operator’s strategy of moving away from fixed-line services to mobile seems to be bearing fruit
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

Telkom on track to take No 3 spot in mobile marketThe operator’s strategy of moving away from fixed-line services to mobile seems to be bearing fruit
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »