The Commonwealth can never become insolvent. It ought to help out the states.
Tall buildings, smaller credit rating.
The first trading day after Moody's cut the UK to three notches below Aaa, the markets shrugged.
Is this for wheel?
Starting to feel a little more optimistic? Look away now.
Ethiopia’s economic growth hovered between 8%-11% for over 10 years but its sovereign credit rating has not been upgraded
The alarm being raised by multilateral financial institutions about rising government debt across Africa is exaggerated. The real problem is that African governments pay way over the odds for debt.
Since the first "climate awareness bond" was issued in 2007, the green-bond market has flourished. But how can investors judge their risk and effectiveness?
African countries need to find a way to present a common front to the rating agencies.
In announcing free higher education, South African President Jacob Zuma, lobbed a populist hot potato at the ANC elective conference but it's ordinary people whose fingers will be burnt.
Demonstrators march against corruption in South Africa.
Reforming South Africa’s state owned enterprises should start with greater accountability and financial responsibility.
A government of national unity has served South Africa well before. It should consider forming another after President Jacob Zuma leaves office.
South Africa needs to start thinking about life after President Jacob Zuma. Given the damage that he's done, serious thought should be given to forming a government of national unity.
South Africa’s President Jacob Zuma has shafted and shifted 20 cabinet posts.
The focus will now be on how the social democratic and left-leaning members of South Africa's cabinet -- the "constitutionalists" -- will respond to the reshuffle.
South Africa’s President Jacob Zuma during his State of the Nation Address in February 2017.
South African President Jacob Zuma has replaced the finance minister and his deputy with appointments that would allow looting of the national purse.
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 African Airways is undoubtedly in crisis.
The costs to South Africa of maintaining the ownership of a national airline are proving to be unbearably expensive. It's time to let the struggling carrier go.
The budget repair necessary to keep Australia’s AAA credit rating seems even less likely after the election.
Budget repair seems even less plausible after this election and this is the main risk to Australia's AAA credit rating.
International investors are still rattled by President Jacob Zuma’s sacking of respected Finance Minister Nhlanhla Nene.
South Africa has narrowly escaped a downgrade of the rating of its sovereign bonds, but government has its work cut out as it seeks to restore investor confidence and lift economic growth.
South Africa’s Finance Minister, Pravin Gordhan, left, chats with Lesetja Kganyago, Governor of the Reserve Bank of South Africa.
Pessimists aren't asking if the glass in South Africa is half full. They want to know if there's anything in the glass. The answer is a pleasant surprise.
South African finance minister Pravin Gordhan had to tread carefully to please many competing interests in his budget.
South Africa's finance minister means well, especially in his bid to cut public sector expenditure. But his success requires strong leadership and strategic alignment across the entire public sector.
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.
South Africa’s Justice Sisi Khampepe swears in David van Rooyen as the new Minister of Finance while President Jacob Zuma looks on.
The sudden expulsion of the finance minister makes it hard not to be pessimistic about the South African government's ability to manage the difficult challenges it might face in 2016.
Bank downgrades have sparked anger in South Africa.
It’s an unnerving time for Africa’s banking industry. On August 19, the ratings agency Moody’s announced it had downgraded by a notch the risk rating of South Africa’s four biggest banks – FirstRand, Standard…