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Markets close firmer, but banks remain under strain
April 10, 2017--South African markets ended firmer, while banks and retailers remain under pressure as investors review the implications of the most recent credit ratings downgrade.
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Source: FIN24
Rand heading for R14/$ on second downgrade
April 10, 2017--The rand was fast losing steam in early morning trade on Monday, heading for R14/$.
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Source: FIN24
SA bonds begin trading as junk for first time since 2000
April 10, 2017--SA bonds will trade carrying junk grades from two ratings agencies for the first time since 2000, with JPMorgan cutting SA from R800bn worth of indexes.
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Source: FIN24
JSE closes lower on Fitch ratings downgrade
April 7, 2017--The positive sentiment shared by South Africans uniting for a common cause was not visible on the JSE, as South African sovereign debt suffered a second ratings downgrade to junk status.
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Source: FIN24
Rand, bonds fall as junk rating triggers index exit
April 7, 2017--The rand and dollar bonds fell after Fitch Ratings became the second company to cut the country's credit assessment to junk.
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Source: FIN24
A2X gets green light for new SA stock exchange
April 6, 2017--South Africa is to acquire its third new stock exchange, which could possibly go live in the fourth quarter.
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Source: FIN24
Rand weakens as Zuma's survival seen strengthening
April 6, 2017--The JSE has ended flat as the rand and government bonds weakened, due to market concerns President Jacob Zuma could survive the resistance building against him.
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Source: FIN24
South Africa: Ratings Agency Downgrades Credit Rating to 'Junk' Status
March 5, 2017--April 3, 2017--The credit ratings agency Standard & Poor's has downgraded South Africa's foreign currency sovereign credit ratings to below investment status.
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Source: AllAfrica.com
JSE assets tumble as Zuma dodges calls to step down
April 5, 2017--South African bonds and the rand have fallen after President Jacob Zuma is said to have bolstered his position by fending off calls from senior ruling party officials to quit.
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Source: FIN24
Rand cheers call for Zuma to quit
April 5, 2017--News of increased opposition to President Jacob Zuma resulted in the rand firming to an intraday high of R13.52/$, pushing off the morning lows by +3%.
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Source: FIN24
