Moody’s Investor Services did not publish a ratings review of South Africa on Friday as was widely anticipated. Moody’s has South Africa’s long-term foreign and local currency debt ratings at Baa3, with a negative outlook. It is the only ratings agency that has South Africa’s foreign-currency and rand-denominated debt at investment grade…Link to Article
The South African Reserve Bank governor Lesetja Kganyago warned
on Tuesday that the country’s economic recession could deepen
unless there was policy certainty on mining and agriculture,
the two sectors that contributed to growth
in the first quarter….Read More
The Rand continues to weaken against all major currencies after a warning by Moody’s this week about political interference in the country’s economic policy, reignited fears regarding credit ratings downgrades.
Investopedia defines and explains rebalancing as the progression of realigning the weightings of a portfolio of assets. Rebalancing involves periodically buying or selling assets in a portfolio to maintain an original desired level of asset allocation. For example, say an original target asset allocation was 70% equities and 30% bonds…..Read More