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Moody's downgrades South Africa's credit rating by one notch

Moody's Investors Service cut SA’s credit rating by one notch to Baa1 from A3 on Thursday, citing worries about the country's institutional strength, investment climate, as well as future political stability. ... Full story

South African Government welcomes IMF assessment

South Africa must press ahead with reforms to ensure its economic stability and Job creation is an urgent national priority to reduce the stubbornly high rate of unemployment.

IMF lowers South Africa economic growth forecasts

South Africa's economic growth is likely to moderate in 2012 due to weak external conditions and global uncertainty, the International Monetary Fund said on Thursday, adding monetary policy should remain accommodative given limited fiscal space.

South Africa differs with Moody’s downgrade

South Africa disagrees with rating agency Moody’s downgrade of South African financial institutions, says Finance Minister Pravin Gordhan.

High expectations ahead of Gordhan 2012 budget speech

With just hours to go before Finance Minister Pravin Gordhan delivers his speech, All eyes will be on the Minister as he delivers his 2012 Budget Speech in the National Assembly today.

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