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The next two Fridays are particularly important to South Africans. Moody’s will be announcing their findings on the state of affairs of SA state-owned entities (SOEs) on Friday, 25 November. And a week later Standard & Poor’s and Fitch will decide whether SA’s debt rating will be downgraded to non-investment status.
Amidst worsening unemployment figures and sustained weak domestic demand, South Africa’s fears of having its credit rating downgraded have intensified as they await Moody’s rating review this week and S&P’s review next Friday.
Headline consumer price inflation (CPI) rose to 6.4% y/y, marginally higher than our own and the market’s estimate for October 2016.
SARB MPC decides on interest rates tomorrow.
What can retirement funds do to improve client-adviser engagement during members’ employment years?