Ratings company Moody’s sees South Africa’s debt burden reaching 65 percent of gross domestic product by fiscal 2023, more any forecast the National Treasury gave for each of the next seven years in the February budget, Moody’s said in an emailed credit opinion Tuesday.
The rand gained as much as 0.6 percent against the dollar after Moody’s published the credit opinion, to trade at 14.0742, its best level on a closing basis since Feb. 27. The currency was 0.2 percent stronger at 14.1270 per dollar by 3:10 p.m. in Johannesburg. The deepest power cuts in more than a decade by state-owned company Eskom Holdings SOC Ltd. are hurting efforts by the continent’s most-industrialized economy to recover from last year’s recession. The cash-strapped utility, whose debt amounts to 8 percent of GDP, remains the main source of contingent liability risk as government bailouts and electricity tariff increases “may prove insufficient to address the company’s long-standing financial troubles,” Moody’s said.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
Business Maverick: South Africa Names Ex-Alexander Forbes CEO to Rebuild Tax AgencSouth African President Cyril Ramaphosa appointed Edward Kieswetter, a former chief executive office of insurer Alexander Forbes Group Holdings Ltd., as the head of the nation’s tax agency.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: South Africa Extends Probe Into Africa’s Biggest Money ManagerPresident Cyril Ramaphosa granted a judicial commission an extra three months to finish its investigation into allegations of wrongdoing at the government workers’ pension-fund manager.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: South Africa Holds Key Rate as It Cuts GDP GrowthHigher power, food and fuel prices will likely crimp household spending and limit prospects for stronger economic growth, resulting in the South African Reserve Bank having to hold the nation’s key interest rate for the rest of the year.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
MAVERICK BUSINESS ANALYSIS: South Africa’s enterprise sector critically illThe parlous state of the enterprise sector in SA can be seen in dismal company income tax receipts over the past five years, which are declining and very heavily weighted in favour of large companies. The decline in profitability means 74% of all companies pay no tax at all and the vast majority of company tax receipts come from just 0.09% of SA’s corporates.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Business Maverick: Mboweni Rebukes South African Roads Agency for Risking RatinFinance Minister Tito Mboweni urged the South African National Roads Agency SOC Ltd. to reverse a decision not to chase down people who aren’t paying electronic tolls to fund a freeway upgrade around Johannesburg and Pretoria. He's trying to be hero at the expense of the poor people of south africa this one of kigali !
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »
Meet South Africa, the business destinationSPONSORED | SA_NCB Beyond the tourism-worthy features, the hosts of business events and the millions of delegates who have visited SA over the years have experienced another aspect – its appeal as a business destination. Read more.
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »
Motsepe urges business to help counter effects of natural disasters in AfricaPatrice Motsepe and his wife Precious Moloi-Motsepe carried cheques for R30 million, R15 million each for Mozambique and Zimbabwe when they joined the humanitarian caravan to Beira and Harare on Thursday.
แหล่ง: ewnupdates - 🏆 30. / 53 อ่านเพิ่มเติม »