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Davos - A Changing of the Guard?

17 January 2017

In setting the theme of this year’s Davos World Economic Forum as Responsive and Responsible Leadership, Klaus Schwab, Executive Chairperson of the WEF said, “The coming year will be a critical test for all stakeholders in the global society. More than ever, we will need responsive and responsible leadership to address our collective challenges, and to restore people’s trust in institutions and in one another. That duty begins with our leaders, who must begin to engage in open dialogue and a common search for solutions to the five major challenges on the horizon. If they acknowledge that ours is a global community with a shared destiny, they will have made a first – albeit modest – step in the right direction.”

Weak economic conditions are weighing On South Africa's housing market

17 January 2017

A weak macroeconomic environment, still-high household indebtedness, and rising interest rates burden the South African housing market, said S&P Global Ratings in a report published today on RatingsDirect, "Weak Economic Conditions Are Weighing On South Africa's Housing Market."

2017 – Weathering the tough times ahead

12 January 2017

A positive outlook on a tough year for business.

South Africa long-term local currency rating lowered to 'BBB'; Foreign currency ratings affirmed; Outlook still negative

05 December 2016

• South Africa continues to depend on resident and nonresident purchases of randdenominated local currency debt to finance its fiscal and external deficits. Its financing needs have risen beyond our previous expectations, with general government debt set to increase by an average of 4.9% of GDP over 2016-2018, to reach gross debt of 54% of GDP in 2019. The proportion of rand in global foreign exchange turnover has also declined to just below 1% on average over the past three years. • We also believe political events have distracted from growth-enhancing reforms, while low GDP growth continues to affect South Africa’s economic and fiscal performance and overall debt stock. • We are therefore lowering our long-term local currency rating on South Africa to 'BBB'. We are affirming all other ratings. • The negative outlook reflects the potentially adverse consequences of persistently low GDP growth for the public balance sheet.

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The strongest deterrent against FSP compliance missteps is or should be:

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A criminal conviction Debarment Fine or penalty Any of the above can work

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