Shadow Treasurer Chris Bowen told the National Press Club that a Labor government would “show the ratings agencies the quality of our plans.”
Mick Tsikas/AAP
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.
South Africa’s new Finance Minister Malusi Gigaba.
Reuters/James Oatway
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.
Reuters/Siphiwe Sibeko
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.
Will investors continue to give Trump a vote of confidence?
Richard Drew/AP Photo
A common Wall Street adage claims: ‘As January goes, so goes the year.’ What does that mean for investors as stocks look set to end President-elect Trump’s first month in office higher?
South Africa faces a possible downgrade by credit rating agencies.
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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.
Rating agencies like Standard and Poor’s have a bad track record when it comes to advice on the economy.
Brendan McDermid/Reuters
Any sentimental colonial ties should be put aside; Australia’s best trade chance lies with Europe.
Investors around the world use ratings from agencies like S&P, Moody and Fitch to make investment decisions. But if all goes wrong, are the agencies to blame?
EPA/Ian Langsdon
One of the world’s largest ratings agency, Standard & Poor’s, is back in court appealing the Federal Court’s landmark decision that it was responsible for the losses incurred by 13 New South Wales…
Despite his electoral success earlier this year, WA premier Colin Barnett has suffered a string of economic blows - the latest being a credit rating downgrade and the rejection of his proposed raise in the GST.
AAP/Theron Kirkman
2013 hasn’t been a good year for Western Australian premier Colin Barnett. Standard and Poor’s recent downgrade of his government’s credit rating continues a pattern. It is not an aberration. Barnett’s…