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.
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.
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?
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.
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…
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…