Skip to content
International Adviser
  • Contact
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

South Africa gets $14bn boost by avoiding junk status

By Tom Carnegie, 1 May 18

Moody’s decision to not downgrade South Africa to junk status has saved the economy about £14bn in outflows from the local bond market, according to an expert from Morningstar.

South Africa’s tax chief suspended

3D rendered concept of the state of the economic and finance markets in South Africa.

On 23 March, after a four month review, South Africa breathed a sigh of relief as Moody’s decided to not downgrade the economy to a junk status.

Experts from Morningstar Investment Management South Africa and Citadel have said the decision has provided a welcome boost to the economy.

Click here to read the full story in the International Adviser April e-zine.

 

 

 

Tags: Moody's | Morningstar | South Africa

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • FCA building and logo

    Industry

    FCA opens up two vacancies on its Financial Services Consumer Panel

    Industry

    UK and Australia sign MoU to unlock investment

  • People Moves

    Companies

    People Moves: Clifton, PIMFA, Stonehage Fleming

    Office buildings in Canary Wharf, the downtown financial district in London

    Industry

    PIMFA set to host annual Women’s Symposium in London


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.