insert_link South Africa JPMorgan Upgrades South African Assets Amid Unity Government Optimism JPMorgan, the world's largest bank by market value, has upgraded South African assets, shifting from underweight to overweight in its Central Europe, Middle East, and Africa asset allocation. The upgrade signals optimism following the formation of a government of national unity. However, risks persist as cabinet positions remain unfilled and the effectiveness of the GNU structure is unproven. today19 June, 2024
insert_link Africa JPMorgan Warns African MDBs Could Lose Preferred Creditor Status JPMorgan analysts have warned that some of Africa's smaller multilateral development banks, including the Africa Export-Import Bank and the Trade and Development Bank, could be stripped of their Preferred Creditor Status says Reuters. PCS is a widely accepted principle that gives multilateral development banks priority for debt repayment when a borrower faces financial stress, ensuring these banks are paid back before other creditors. today18 June, 2024
