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| South African Reserve Bank Keeps Main Repo Rate on Hold -- Update Both S&P Global Ratings and Moody's Investors Service are due to release their latest assessment of South Africa's creditworthiness Friday. In April S&P downgraded the country's foreign-currency debt to junk but kept its local-currency rating at BBB-, one notch above junk. Moody's currently rates South ...
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| Rand roller-coaster: Get set for big swings as ratings agencies, ANC cast their votes – analysts But, there is light on the horizon for the currency. A victory for Cyril Ramaphosa in the ANC presidential succession race is likely to provide a fillip for the business community, though the risk remains that President Jacob Zuma will succeed in installing his ex-wife, Nkosazana Dlamini-Zuma. After the ...
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