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This article serves to justify two points. First, central banks have largely exhausted their capacity to further stimulate the global economy using the current set of tools. And second, while they’re probably reluctant to use them, there are other levers available to be pulled should a new major crisis present itself.
On 4 December 2015, the international credit rating agency Standard & Poor’s (S&P) revised SA’s credit outlook to negative. This means there is an elevated chance that S&P’s next credit rating change may be a downgrade. If this happens, the SA government’s long-term foreign currency debt rating will fall one notch below the level at which the debt is rated ‘investment grade’.
The World Economic Forum for Africa is over for another year, and 1200 delegates will return to their countries with fond and positive memories of Rwanda.
As a member of an employer-sponsored pension or provident fund your retirement savings are usually on auto-pilot: the monthly contributions flow unseen to the responsible administrator and to your fund managers of choice, or into the default portfolio. This detachment, however, ends when you leave your employer.
The strongest deterrent against FSP compliance missteps is or should be: