Daily Archives: March 25, 2018

SOUTH AFRICAN GOVERNMENT WELCOMES MOODY’S DECISION

PRETORIA– Government has welcomed ratings agency Moody’s decision to affirm South Africa’s investment grade credit rating and the decision to revise the country’s credit outlook from negative to stable.

In its decision communicated on Friday, …

UGANDA JOINS AFRICA’S BIG-DEBT CLUB, CENTRAL BANK WARNS ON DEFAULT

KAMPALA — Uganda’s national debt has nearly trebled in the last three years to more than 50 percent of gross domestic product, creating a risk of default risk, since nearly two-thirds of that borrowing is …

MOODY’S KEEPS SOUTH AFRICA’S RATING AT INVESTMENT GRADE

PRETORIA– U.S. ratings agency Moody’s has kept South Africa’s sovereign rating unchanged at investment grade while upgrading the outlook to stable, according to an announcement.

In a statement, Moody’s confirmed the long-term issuer and senior …

SOUTH AFRICA VOICES CONCERN OVER EXCLUSION FROM US TARIFF IMPOSITION

CAPE TOWN– South Africa has voiced concern over the United States’ refusal to exclude it from the application of tariff duties on steel and aluminium.

The imposition of the duties will have a negative impact …

Scientists Track Chinese Space Station as It Falls to Earth

Scientists are monitoring a defunct Chinese space station that is expected to fall to Earth around the end of the month, the largest manmade object to re-enter Earth’s atmosphere in a decade.

The head of …