SA gets investment grade rating from new rating agency.

South Africa generally has a good credit quality and its default risk currently remains low, according to Sovereign Africa Ratings (SAR).
The agency announced its findings on the country’s creditworthiness on Friday, giving South Africa a BBB long-term and B+ short-term rating, with a stable outlook.
Its views of the country’s sovereign status contradict those of the ‘big three’ – Moody’s Investors Service, S&P Global Ratings and Fitch Ratings – which together account for about 95% of international rating activity, having all been around for over a hundred years
26 Sep 2022 6AM English South Africa Business News · Investing

Other recent episodes

How Kauai became the SA’s largest first quick service restaurant

GUEST – Geli Briolas, COO of Kauai They were the first quick service restaurant (QSR) to introduce health-conscious smoothies to South Africa and, Kauai has gone on to now sell more than 7 million smoothies annually since their launch in 1995. Based on the notion that healthy eating is not…
30 Nov 3PM 9 min

RAF prevents R2.6bn in fraudulent claims over past three years

GUEST – McIntosh Polela - RAF spokesperson The Road Accident Fund (RAF) says it has managed to clamp down on fraudulent claims of over R2.6 billion over the last three financial years. This achievement is a result of the sterling work done by the fund's Forensic Investigation Department. RAF spokesperson…
30 Nov 3PM 8 min

EasyEquities Group now servicing 2.06 million clients.

EASYEQUITIES GROUP HIGHLIGHTS • EasyEquities Group revenue increased by 11.1% to R237.8 million, from R214.0 million in the prior year; • Registered clients increased by 18% to 2.06 million, compared to 1.75 million in the prior year; • Active clients increased by 17.5% to 897,940, compared to 763,907 in the…
30 Nov 3PM 10 min