Low-income countries that sought to spend more on health care during the pandemic have been hit with ratings downgrades, while others avoided borrowing entirely.
Karl Schmedders, International Institute for Management Development (IMD); Jung Park, International Institute for Management Development (IMD), and Robert Earle, University of Zurich
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
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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?
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.
Reuters/Mike Hutchings
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.
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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.
Aaron Ufumeli/EPA
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.
Reuters/Sumaya Hisham
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.
EPA/Udo Weitz
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.
Craig Golding/AAP
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.
Reuters/Siphiwe Sibeko
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.
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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.
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.