insert_link Africa Standard Bank South Africa CEO pushes back against Moody’s credit risk concerns Standard Bank SA CEO Sim Tshabalala Speaking at the Africa Unlocked Conference 2025 held in Cape Town, Standard Bank Group CEO Sim Tshabalala dismissed a recent Moody’s report flagging the bank’s exposure to South African government debt as a credit risk. He questioned the accuracy of the data, remarking, “We respectfully wonder what data they were using.” Moody’s had raised concerns over Standard Bank’s approximately R272 billion exposure—around 13% of its total assets […] today14 July, 2025
insert_link Business / Economics 6 June 2024 Morning Biz News: Economic Resilience and Global Trends: A Snapshot of African Markets In a dynamic landscape marked by shifting global tides and regional developments, the economic pulse of African nations remains resilient, showcasing both challenges and opportunities on the horizon. Recent updates from key players in the continent’s financial sphere shed light on noteworthy shifts and trends that impact markets and investor sentiments. 1. Namibia's Fiscal Fortitude: Moody's Ratings' decision to upgrade Namibia's sovereign credit rating outlook from stable to positive […] today6 June, 2024
insert_link South Africa City of Tshwane in South Africa’s Moody’s Outlook Shifts from Negative to Stable The City of Tshwane in South Africa has greeted an improved outlook from Moody's Ratings, transitioning from negative to stable. This positive shift comes after a notice last month indicating the city's rating was under review for a potential downgrade. The development is expected to assist the municipality in stabilizing its finances and accessing capital funding for infrastructure projects. Jacqui Uys, Mayoral committee member for Finance, attributes this positive change […] today12 April, 2024
