Category: Financial

Paris, March 27, 2020 — Moody’s Investors Service, (“Moody’s”) has today downgraded the Government of South Africa’s long-term foreign-currency and local-currency issuer ratings to Ba1 from Baa3. The outlook remains negative. The key driver behind the rating downgrade to Ba1 is the continuing deterioration in fiscal strength and structurally very weak growth, which Moody’s does…

BY DANIE BEZUIDENHOUT 2020 VISION entails a detailed Business Plan The business plan helps a company to derive its advantages and maximise benefits out of them. It creates a clear and concise “roadmap” to follow and should include the following top benefits: Help the Company to formulate its objectives and goals clearly. The company formulates…

BY DANIE BEZUIDENHOUT  You can’t start or grow your business without funding. Unfortunately, applying for and getting a business loan isn’t a fast or stress-free experience. Applying for a loan is one of the most crucial steps for any business owner. To give yourself the best chance of getting approved, follow these tips for negotiating and…

The Netherlands, 11 October 2019: Business Partners Limited was named Gold winner in the SME Bank of the Year – Africa category at the Global SME Finance Forum Awards on October 7. Business Partners Limited – one of Africa’s leading business loan and equity providers – has successfully developed one of the world’s most innovative…

Press statement 04 December 2018 – The South African Reserve Bank (SARB) is pleased to announce a partnership with the University of Cape Town (UCT) to host the Research Chair in Financial Stability Studies. Professor Co-Pierre Georg will chair the portfolio, which will be housed within the African Institute of Financial Markets and Risk Management,…

Its always important to know what the other countries in Africa are doing and their outlook regarding RSA and the Sub Sahara Economic outlook. This has an impact on your business. Please find the IMF Sub Saharan Africa – Regional Economic Outlook report below, for your information and reference. Please read and offer comment and…

Kindly note the following link regarding preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), for your information and reference. Comments are welcome. https://www.imf.org/en/News/Articles/2018/11/16/ms111918-south-africa-staff-concluding-statement-of-an-imf-staff-visit

Here is the 9th issue of Fair Play, Office of the Tax Ombud’s external newsletter which aims to keep you updated with pertinent and latest developments in the OTO and in the tax recourse sphere. This latest issue of Fair Play is themed “You have the right to be treated fairly by SARS” and it provides insights…

Tactical view: We still look for a pull-back in the rand from these overextended levels, closer to the R14.50- 14.20 region. Strategic view: We believe tighter global financial conditions are negative for the carry-trade, leaving the rand vulnerable. Read the report below (If you don’t see the document, please try refreshing your browser)

From Fin24: 5 Reasons Why Moodys Gave SA a Ratings Breather Mar 24 2018 09:17 Tehillah Niselow Johannesburg – In a late night ratings review, Moody’s Investor Services affirmed South Africa’s long term foreign and local currency debt ratings at ‘Baa3’ and revised the outlook to stable from negative. This ended three months of the country…

Key points S&P Global has downgraded the South African long‐term local currency sovereign credit rating to subinvestment grade BB+ (stable outlook) from BBB‐ and the long‐term foreign currency sovereign credit rating to BB (stable outlook) from BB‐. This followed the earlier foreign currency debt downgrade to junk status in April. Moody’s has left its equivalent…

Date: 25 October 2017 The Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Malusi Gigaba, today, is an honest reflection of the grave state of our public finances but lacks sufficient detail to bring confidence and greater certainty to the economy, Business Unity South Africa said today. “We welcome the acknowledgement by the Minister…

  The South African Reserve Bank invites you to the Financial Stability Forum that coincides with the release of the latest Financial Stability Review. Kindly complete the attached form and RSVP toSharlay.Madalane@resbank.co.za by Wednesday, 1 November 2017.