Browsing: South Africa

Fitch Ratings has upgraded South Africa’s Long-Term Issuer Default Ratings (IDRs) to ‘BB’ from ‘BB-‘ with an outlook accorded as stable.

South African Rand (ZAR) is trading sideways against the dominant US dollar, European single currency and British sterling ahead of economic data scheduled for release on Friday.

South African Rand (ZAR) rallied against Western currencies late on Thursday after the South African Reserve Bank raised key rates by 25 basis points.

The Nigerian community in South Africa says at least 105 Nigerians have been killed in the country over the past seven years, following the wave of xenophobic attacks against migrants.

Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB Nigeria, Egypt, Morocco, and South Africa continue to dominate Africa’s…

GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AAA(NG) and A1+(NG), respectively, accorded to MTN Nigeria Communications Plc.

The South African Rand weakened against the US dollar, Euro and sterling during early trading hours on Tuesday as the United States-Iran peace deal hung in the balance following fresh attacks.

Moody’s Ratings (Moody’s) has changed the outlook on the Government of South Africa to positive from stable and has affirmed the Government of South Africa’s domestic and foreign-currency long-term issuer and senior unsecured ratings at Ba2.

The South African rand (ZARUSD) opens trading on a weak note after the local unit was sold off amid rising crude oil prices, a direct consequence of Middle East tensions.

The South African rand lost momentum against Western currencies on Monday amid a US dollar rally, surging global oil prices and an increase in the country’s unemployment Rate.