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US credit rating downgraded
China Chengxin International Credit Rating (CCXI) slashed its sovereign credit score for the US by one notch earlier this week, becoming the first among top rating firms to make the move.The l...Published: 27 May 2023 at 19:44hrs | | by Staff reporter
Fitch and Moody's downgrade South Africa's credit ratings further
In a move that Finance Minister Tito Mboweni described as 'painful', rating agencies Fitch and Moody's pushed South Africa's credit rating deeper into the scrap heap of junk with downgrades announced ...Published: 24 Nov 2020 at 05:04hrs | | by Staff reporter
South Africa's credit ratings remains at 'junk status'
Standard and Poor's Global Ratings kept South Africa's foreign- and local-currency credit ratings in "junk" territory with a stable outlook late on Friday, saying the new government was expected to fo...Published: 30 May 2019 at 07:59hrs | 5 | by Staff reporter
CBZ: Zimbabwe's best bank in 2018
CBZ Bank has been voted as Zimbabwe's best-performing bank in 2018 by US-based Global Finance Magazine.CBZ Bank, which has an asset base of US$ 2billion and deposits worth $1,8 billion, is con...Published: 17 Mar 2019 at 08:32hrs | | by Staff reporter
'Mthuli Ncube's budget is a waste of time'
IT is a great pleasure to debate the 2019 national budget. This budget, Honourable Speaker Sir, could not have come at a time of greater fragility and greater vulnerability of our country....Published: 23 Dec 2018 at 09:14hrs | | by Tendai Biti
Moody's ranks Mthuli Ncube's TSP as creditor positive
Zimbabwe's newly appointed Finance Minister Mthuli Ncube launched the Transitional Stabilisation Programme (TSP). The 15-month plan, includes reform initiatives to revive sluggish economic growth, res...Published: 05 Dec 2018 at 13:33hrs | | by Moody's
Mthuli Ncube's TSP creditor positive and transformative for Zimbabwe economy - Moody's
Moody's ranks Zimbabwe Finance Minister Mthuli Ncube's Transitional Stabilisation Programme (TSP) as creditor positive and transformative for Zimbabwe economy ...Published: 04 Dec 2018 at 20:48hrs | | by Agencies
Mthuli Ncube's ambitious plans
ZIMBABWE'S Finance minister Mthuli Ncube has ambitious plans of floating a Eurobond on the international debt market but he will have to put them on hold until he hammers out an elaborate schedule to ...Published: 29 Sep 2018 at 13:10hrs | | by Staff reporter
Rand adoption calls: Biti seeking relevance
This week People's Democratic Party (PDP) leader, Tendai Biti presented what he termed the state of the economy address at his offices in Harare. One of the issues that he raised was the proposed adop...Published: 30 Oct 2017 at 07:41hrs | | by Nobleman Runyanga
Caveat emptor on 'post-Mugabe' permutations
Let's all admit it: the "Zimbabwean question" has for the past two decades been subject of such plotting and planning; academicising and theorising; mapping and pontificating that have not been seen p...Published: 09 Sep 2017 at 09:40hrs | | by Ibbo Mandaza
Of Pravin Gordhan and Zimbabwe interests
Depictions of South Africa's Treasury boss, Pravin Gordhan, who was dismissed last week, smack of malice if not a grand plot.One then has to ponder whether South Africa's recently sack...Published: 13 Apr 2017 at 07:20hrs | | by Christopher Mugaga
Fitch downgrades SA to junk status
Cape Town - Fitch Ratings downgraded South Africa's unsecured foreign-currency and local-currency bonds to non-investment grade - commonly known as junk status - on Friday.It is the second...Published: 07 Apr 2017 at 13:05hrs | | by Staff reporter
Gordhan or the nation?
The prospects for a genuine revolution, for a radical economic transformation, are not looking good for Zuma and the ANC. The liberation movement is sorely dividedA FEW months ago President Mu...Published: 07 Apr 2017 at 06:41hrs | | by Joram Nyathi
South Africa's sovereign credit rating downgraded to junk status
S&P Global Ratings cut SA's sovereign credit rating to junk status on Monday following an emergency meeting over the weekend.The ratings agency decided the economic crises President Jacob ...Published: 03 Apr 2017 at 16:55hrs | | by BDLive
Zimbabwe's balance of payment unlikely to improve, says Moody's
International investor service Moody's has said that the balance of payments situation in Zimbabwe is unlikely to improve in the next 12-18 months' in spite of the Reserve Bank of Zimbabwe's effor...Published: 01 Nov 2016 at 06:19hrs | | by Staff reporter
S&P cuts UK's credit rating by 2 levels
S&P Global Ratings cut the UK's top credit grade by two levels after the country voted to leave the European Union last week.S&P lowered the rating to AA from AAA, citing the risk of a...Published: 27 Jun 2016 at 21:50hrs | | by Agencies
Why Zimbabwe needs to protect its economic sovereignty as the Rand continues to plummet
Preamble:OF late Zimbabwe seems to be getting a lot of attention from South Africa. If I may refer my readers to an article which appeared in last week's Sunday News: article "SA business delegati...Published: 27 Mar 2016 at 10:42hrs | | by Dr Bongani Ngwenya
The Rand and the US Fed Interest Hike
South Africa has just come out of one of the most turbulent times since the dawn of democracy. The firing of Nhlanhla Nene (Finance Minister) and his replacement by the little known David...Published: 08 Jan 2016 at 21:06hrs | | by Vusumuzi Moyo
Hunting for Eurobonds
Views split on sub-Saharan Africa's debut in the international markets Attracted by the prevailing low interest rates, cash-strapped African countries l...Published: 01 Jul 2014 at 20:32hrs | | by Jocelyne Sambira
Apple Inc lays groundwork for first debt sale eve
LONDON - Apple took initial steps Monday for what would be its first debt sale ever, as the U.S. computer giant lays the groundwork for what would be one of the most anticipated bond sales of th...Published: 30 Apr 2013 at 05:35hrs | 3 | by Tech Reporter
WWE's Paul Bearer dies
Paul BEARER - the spooky WWE manager who helped introduce The Undertaker - died on Tuesday evening at the age of 58 . . . this according to the WWE.Bearer - real name "Bill" Moody - joined th...Published: 07 Mar 2013 at 11:01hrs | | by TMZ.
WikiLeaks releases first 200 Stratfor emails
WikiLeaks has released the first 200 of a cache of 5m emails obtained from the servers of Stratfor, a US-based intelligence firm.The emails or...Published: 27 Feb 2012 at 16:50hrs | | by wikileaks
SA outlook changed to negative
Johannesburg - Moody's Investors Service has changed the outlook on South Africa's A3 local and foreign currency government debt ratings to negative from stable, reflecting heightened political risk i...Published: 10 Nov 2011 at 04:30hrs | | by I-Net Bridge
Obama admin cost the US its top-notch credit rating held for almost a century
Obama administration's early promises of deficit reduction have cost the U.S. government the top-notch credit rating it has held for almost a century, theglobeandmail.com's columnist Konrad Yakabusk...Published: 06 Aug 2011 at 05:10hrs | | by Konrad Yakabuski
Moody's cuts Portugal rating to junk
Lisbon/New York - Moody's became the first rating agency to cut Portugal's credit standing to junk, warning that the country may need a second round of rescue funds before it can return to capit...Published: 06 Jul 2011 at 08:51hrs | 2 | by Reuters
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