South Africa received some welcome news after the credit ratings agency S&P decided to upgrade both SA’s foreign currency long-term sovereign credit rating to ‘BB’ from ‘BB- ‘and local currency long-term sovereign credit rating to ‘BB+’ from ‘BB’. Its outlook remains positive. Another agency, Fitch affirmed South Africa’s sovereign rating at BB- with a stable…
read moreThe 2025 Medium-Term Budget Policy Statement (MTBPS), delivered by Finance Minister Enoch Godongwana on 12 November, marks a delicate balancing act between fiscal prudence, political compromise, and reform-driven recovery. It arrives at a moment of renewed fiscal discipline but persistent political fragility, where the Government of National Unity (GNU) faces the dual challenge of maintaining…
read moreFor the past two years, South Africa has been under the scrutiny of the global financial community, navigating the complexities of the Financial Action Task Force (FATF) greylist. Greylisting is more than just an administrative label – it signals vulnerabilities in a country’s financial safeguards, particularly in preventing money laundering and terror financing. It affects…
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