The populism politics adopted by South Africa's ruling party, African National Congress, mask a strategy to deflect attention from the party's policy failures and to hide its many scandals.
What has been lost in stating the case for South Africa's credit rating is a tangible plan for strengthening governance and regulation of its state owned enterprises.
South Africa’s President Jacob Zuma looks on as his new cabinet members are sworn in.
The best chance South Africa has of recovering from sub-investment grade credit rating status is to have leaders who are prepared to break rank with the small-mindedness of the ruling party.
Leaders of the BRICS bloc of states in Goa, India where they hatched the plan to launch a new credit rating agency.
The BRICS bloc of states have resolved to establish an alternative credit rating agency to counter western dominance in the financial markets. Will it work?
South Africa faces a possible downgrade by credit rating agencies.
Credit ratings have an impact on government, as well as ordinary people. This article was first published last year as South Africa faced a possible downgrade.
Scott Morrison said the Moody’s affirmation was a ‘welcome boost’.
Moody's has reaffirmed Australia's AAA credit rating, as Malcolm Turnbull seeks to put pressure on Labor and crossbenchers to pass measures to help repair the budget.
Rating agencies like Standard and Poor’s have a bad track record when it comes to advice on the economy.
Credit rating agencies have a poor track record when it comes to evaluating risk.
South Africa's response to the country's economic woes has amounted to little more than band-aid treatment. Government must do more to set the economy on a solid growth path.
In-out, in-out, shake it all about.
The credit-ratings agencies are already circling to cut the UK's grade if it votes to leave the EU. Here's how their calculations work, and what we should do about it.
Credit rating agencies often elicit criticism when they downgrade countries.
Credit rating agencies have come in for a lot of flack. But the bottom line is that to attract investors with deep pockets countries can't avoid having a credit rating. And a good one at that.
What is the future of small colleges?
With one year to effect a turnaround, Sweet Briar College faces considerable challenges. But in this near-death are lessons for many other colleges and universities.
A relieved and re-elected Sam Brownback.
The 2014 midterm elections were full of surprises, mostly bad for the Democratic Party. Many Democratic candidates were defeated in races where the polls showed them with small but consistent leads. Chief…
Credit ratings agencies wield an enormous amount of social, economic and political power.
Evaluating the creditworthiness of countries is far from an exact science, yet the influence of credit ratings agencies is extraordinary. Recently, the UK government’s debt rating has been downgraded by…
George Osborne’s austerity plan is under threat.
The UK’s former AAA credit rating is no more. Moody, a tyrant of the credit rating system, decided that a downgrade was in order from AAA to AA1 for the first time since 1978. The pound fell in a state…
Demonstrators in front of Standard & Poor’s credit rating agency offices in Paris 15 January 2012.
For decades, credit ratings agencies were largely ignored by the masses, but in recent months they have continued to hit the headlines again and again. The big three (Standard & Poor’s, Moody’s and…