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Finance Minister Enoch Godongwana reflects on bailouts for SAA and Denel, a fiscal anchor to stabilise debt-to-GDP, credit rating agency engagements and his vision for the country’s finances beyond 2035.
Finance Minister Enoch Godongwana is expected to signal the country’s commitment to fiscal discipline on Wednesday, with its debt-to-GDP ratio set to decline for the first time in more than two decades – potentially paving the way for a credit-rating upgrade as soon as next month.
While many financial institutions are closing branches, Atlas Finance is expanding its physical footprint, reaching 300 stores nationwide. The milestone reflects the short-term loan provider’s strategy to improve access to credit and strengthen financial inclusion in underserved communities.
The IMF credits the AI building boom with keeping global growth above 3%, and Tencent's latest bond sale shows what that boom looks like inside one company.
US credit ratings giant Moody’s expects the government of national unity to survive the upcoming local elections, the ANC’s presidential contest next year, and the 2029 national elections.
Tonight, we cover market updates with Absa CIB, African credit ratings, carbon investment in Africa, the World Economic Outlook, online gambling regulation and the benefits of owning multiple properties.
Stord Expands Its Fulfillment Infrastructure Stord, a physical intelligence platform for independent commerce, has secured a $400 million credit facility. Citi led the facility alongside Morgan Stanley and JPMorgan. First
Today’s edition Too Much Power Presented by Good morning, and welcome to your Thursday Roundup. We’ve got a bit of a weird one today. South Africa claims it has too much electricity, Africa is starting its own credit rating agency, and FNB says you can now
The African Union has set up its own credit rating agency to take on Moody's, S&P and Fitch, but has yet to say who owns it, who runs it or when it will rate anyone.
'In a limited number of cases, the affected information also includes credit card details, specifically card number and expiry date, but CVV numbers are not impacted.'