Junk status II – Avoiding it is more than getting economics right

Since “Nenegate”, the country has been fixated on avoiding being reduced to junk status by ratings agencies. Three agencies control 95% of the market and with Moody’s we are two notches above junk but with Fitch and with Standard and Poor’s, South Africa is just one notch above junk status. Being downgraded to junk will …

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Special Voluntary Disclosure Programme: It’s Now Or Never!

“It’s Now or Never … Tomorrow will be Too Late” (Elvis Presley) The recent revelations of the Panama Papers confirm a growing trend – it’s getting mighty difficult to hide money from the taxman or Reserve Bank. In the current Social Media and Information age, embarrassing data just keeps slipping out. Aligned to this the …

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