The rand: fractured or fragile? Looking beyond the rating concerns

06 June 2016 | General

Dr Adrian Saville, Chief Strategist at Citadel, finds that the rand could still diverge further from fair value, but it is not a one-way bet

S&P downgrade reprieve gives SA Government, business and labour a window to make progress

06 June 2016 | General

The announcement by Standard & Poor’s Global Ratings (S&P) that it has maintained South Africa’s investment grade sovereign credit rating at BBB – the lowest investment grade rating that a country can be assigned – was a welcome reprieve for the country and gives Government, business and labour a window to collaborate in finding common ground to rebuild confidence in, as well as improve prospects for, the South African economy.

How long would it take South Africa to regain a lost investment-grade sovereign rating?

03 June 2016 | General

Countries that have lost their investment-grade ratings and were able to again graduate to this status took on average seven years to do so.

SA Corporate hoard record highs of cash in negative markets

27 May 2016 | General

With business confidence at an all-time low in South Africa and flows offshore by retail investors at record highs in over a decade, non-financial corporate cash balances are sitting at R725 billion* – almost the highest level on record. However, while holding large cash reserves is a common symptom of an increasingly pessimistic economic outlook, these companies are well-positioned to invest quickly should confidence improve, particularly by making smart use of these cash reserves in the interim.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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