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Published on 10:23 GMT

South Africa's National Budget: Stability in the Rand amid muted market reactions

Following Finance Minister Enoch Godongwana’s muted presentation of the National Budget, for the third time, on Wednesday, markets haven’t been seriously agitated, and the fiscal framework is being seen as broadly investor friendly. The rand was stable …

Source: IOL - Indeterminate
Published on 12:08 GMT

Who will drive AfDB’s African transformation agenda post-Adesina?

Akinwumi Adesina, who steps down in September after a decade at the helm of the African Development Bank (AfDB), built his presidency on a vision to lift the continent’s poorest, support job creation, and “feed Africa” - a mantra that has become almost …

Source: Zawya - Indeterminate
Published on 16:12 GMT

Trump ambush a sideshow, as South African investors focus on coalition

JOHANNESBURG (Reuters) -For investors, the spectacle of South African President Cyril Ramaphosa's fraught Oval Office encounter with U.S. counterpart Donald Trump was little more than a sideshow. The true test for Africa's most industrialised …

Source: The Malaysian Star - Indeterminate
Published on May 21, 2025

Africa Annual Credit Ratings Conference Kicks Off in Cape Town Amid Rising Debt Concerns

The two-day Africa Annual Credit Ratings Conference has commenced in Cape Town, bringing together key stakeholders, including rating analysts, economists, and policymakers, to discuss how credit ratings can unlock domestic financing and support long-term …

Source: South Africa Today - Right-wing
Published on May 21, 2025

Policymakers Intensify Calls for Transparency in Sovereign Credit Rating Methodologies

Addis Ababa, May 21, 2025 (ENA) -- African policymakers are stepping up calls for greater transparency and fairness in how global credit rating agencies assess sovereign risk, warning that opaque and inconsistent methodologies are costing the continent …

Source: Ethiopian News Agency - Gov't Propaganda
Published on May 21, 2025

South Africa sees wider budget deficit, higher debt after scrapping VAT hike

CAPE TOWN (Reuters) -South Africa’s National Treasury said on Wednesday that this fiscal year’s budget deficit would be wider and public debt higher after it was forced to backtrack on a proposed increase in value-added tax (VAT). The Treasury was …

Source: KFGO - North Dakota - Neutral
Published on 18:14 GMT

Budget represents critical turning point in legislative process – ANC

Thursday, 22 May 2025 22/05/25 POLITICS Budget represents critical turning point in legislative process – ANC Mahlengi Bhengi-Motsiri | 22 May 2025 Party says engagements laid foundation for fiscal framework that seeks to balance competing needs of …

Source: Politicsweb - Right-wing
Published on May 21, 2025

South Africa at a crossroads: economic strategies unfold as Ramaphosa visits the US and Godongwana presents budget

Daily News Reporter|Published 1 hour ago 2min MAY 21, 2025, is likely to go down as a significant day for the history of South Africa, that's because two pivotal events that have the potential to reshape the nation’s economic course are set to go down. …

Source: Daily News - Indeterminate
Published on May 19, 2025

FTSE 100 claws back losses after US credit rating downgrade

Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our …

Source: The Independent - Center-left
Published on 14:47 GMT

Godongwana trims spending, lowers growth forecast

Finance Minister Enoch Godongwana. In the new 2025 budget tabled on Wednesday, Finance Minister Enoch Godongwana trimmed additional spending allocations for front line services and social grants made in March to mitigate the revenue shortfall created by …

Source: Mail & Guardian - Left-wing
Published on May 19, 2025

S&P infers South Africa's debt levels could average 80% of GDP, surpassing estimates

S&P Global Ratings has warned that South Africa's general government debt could remain high, averaging an unprecedented 80% of gross domestic product (GDP) in the three years to 2028. This would be much higher than the National Treasury’s estimate …

Source: IOL - Indeterminate
Published on 11:08 GMT

EM stocks drop as US fiscal outlook unnerves investors

Emerging market stocks fell on Thursday, echoing a sombre global sentiment stemming from concern over the deteriorating U.S. fiscal outlook. The MSCI emerging markets stocks index was on track for its biggest daily drop in over a month, falling 0.8%, after …

Source: Zawya - Indeterminate
Published on May 20, 2025

Top 10 African countries with the largest general government debt (% of GDP)

While borrowing is a normal and often necessary economic instrument, it becomes problematic when the general government's debt exceeds the size of the economy. General government debt, expressed as a proportion of GDP, is an important indication of a …

Source: Business Insider Africa - Neutral
Published on May 18, 2025

S&P Global keeps SA’s credit rating on positive outlook

S&P Global did not downgrade South Africa from positive to stable, which is good news for the country. Ratings agency, S&P Global, has kept its credit rating for South Africa on a positive outlook, saying it reflects the potential for stronger …

Source: The Citizen (South Africa) - Center-right
Published on 08:03 GMT

Fitch Drops Growth Forecast for 10 Developing Countries

(MENAFN) Fitch, a global credit rating agency, has announced a reduction in its expected medium-term growth rate for a group of 10 developing nations, adjusting its forecast from 4 percent to 3.9 percent. The agency updated its five-year potential GDP …

Source: MENAFN - Indeterminate
Published on 08:04 GMT

Fitch Revises Growth Outlook for Ten Developing Nations

(MENAFN) Fitch, the global credit rating agency, has revised its forecast for the medium-term potential growth of 10 developing nations, lowering the group’s overall expected growth from 4% to 3.9%. On Wednesday, the agency adjusted its five-year potential …

Source: MENAFN - Indeterminate
Published on May 19, 2025

Africa’s Battle for Fair Credit

The steep cost of borrowing for African nations is no longer just a technical discussion; it carries billion-dollar implications. Consider a late 2024 comparison: Germany could borrow US$1 billion (about N$18.1 billion) at 2.29% interest, paying roughly US …

Source: The Namibian - Neutral
Published on May 21, 2025

Budget 3.0: time to fix our economy BLSA

Investors will be watching Budget 3.0 closely on Wednesday afternoon to see if it includes measures that will benefit the economy. Busisiwe Mavuso, CEO of BLSA. Photo: Supplied BUSINESS NEWS - With Minister of Finance Enoch Godongwana trying this week for …

Source: George Herald - Pending
Published on May 21, 2025

Watershed Wednesday: Ramaphosa meets Trump at the White House and Godongwana to present Budget 3. 0

Today marks a pivotal juncture for South Africa, as two significant events could shape the nation’s economic landscape. President Cyril Ramaphosa is in the United States on a historic visit, while Finance Minister Enoch Godongwana prepares to table the …

Source: IOL - Indeterminate

04 days 06:40:13

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Published on May 22, 2025 - 21:00 GMT

THOR Industries Announces Date for its Fiscal 2025 Third Quarter Earnings Release

ELKHART, Ind., May 22, 2025 (GLOBE NEWSWIRE) -- THOR Industries, Inc. (NYSE: THO) today announced that the date for its fiscal 2025 third quarter earnings release will be on Wednesday, June 4, 2025, before the market opens. Upon the release of THOR's …

Distribution channels: Culture, Society & Lifestyle, Sports, Fitness & Recreation ...
Published on May 22, 2025 - 07:12 GMT

ESG AI Launches ESG Risk Platform to Power Banks & Insurers with Instant ESG Risk Visibility on Any Business, Anywhere

ESG AI launches global platform enabling banks, insurers & credit bureaus to assess ESG risks instantly across any business, industry, or country. SYDNEY, AUSTRALIA, May 22, 2025 /⁨EINPresswire.com⁩/ -- ESG Artificial Intelligence (www. …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

Published on May 22, 2025 - 17:56 GMT

Teva Announces Increase of the Maximum Tender Amount of its Debt Tender Offer and Increases to Pool Tender Caps for Pool ...

TEL AVIV, Israel, May 22, 2025 (GLOBE NEWSWIRE) -- Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) (“Teva”) announced today that it is increasing the maximum tender amount of its tender offer previously announced on May 19, 2025 from $2.0 billion …

Distribution channels: Banking, Finance & Investment Industry, Healthcare & Pharmaceuticals Industry ...
Published on May 22, 2025 - 19:34 GMT

Oregon State Treasurer Steiner Urges US Senate to Reject “Financially Irresponsible” House Budget Reconciliation Bill

Oregon State Treasurer Elizabeth Steiner MD condemned the budget reconciliation bill that US House lawmakers passed last night and called on Senators to reject cuts to Medicaid, Medicare, food assistance, and clean energy incentives as the bill moves …

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Published on May 20, 2025 - 11:00 GMT

DT Midstream Achieves Investment Grade Credit Rating

DETROIT, May 20, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) announced that it has achieved an investment grade rating with two agencies: Moody’s Ratings upgraded DTM’s credit rating to Baa3 with a stable outlook on May 16, 2025; and Fitch …

Distribution channels: Media, Advertising & PR, Shipping, Storage & Logistics ...
Published on May 22, 2025 - 12:38 GMT

Fitch Revises Growth Outlook for Ten Developing Nations

(MENAFN) Fitch, the global credit rating agency, has revised its forecast for the medium-term potential growth of 10 developing nations, lowering the group’s overall expected growth from 4% to 3.9%. On Wednesday, the agency adjusted its five-year potential …

Distribution channels: ...
Published on May 22, 2025 - 12:37 GMT

Fitch Drops Growth Forecast for 10 Developing Countries

(MENAFN) Fitch, a global credit rating agency, has announced a reduction in its expected medium-term growth rate for a group of 10 developing nations, adjusting its forecast from 4 percent to 3.9 percent. The agency updated its five-year potential GDP …

Distribution channels: ...
Published on May 18, 2025 - 09:23 GMT

Moody's Downgrades US Credit Rating

(MENAFN) Moody’s has downgraded the United States' credit rating from its perfect triple-A (AAA) status, citing growing worries about the country’s ability to afford its debt. This marks the first time since 1917 that the agency has lowered the nation…

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Published on May 22, 2025 - 21:13 GMT

ALLEN MEDIA GROUP HIRES FOUR VETERAN WARNER BROS. DISCOVERY AD SALES EXECUTIVES

New Senior Ad Sales Executives Will Service All Allen Media Group Television and Digital Streaming Divisions LOS ANGELES, CA, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- Byron Allen’s Allen Media Group (AMG) is proud to announce the hiring …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...
Published on May 22, 2025 - 21:04 GMT

Human in Motion Robotics’ XoMotion™ Wins Prestigious TAG Award for MedTech Innovation

VANCOUVER, BC, CANADA, May 22, 2025 /⁨EINPresswire.com⁩/ -- Human in Motion Robotics is proud to announce that XoMotion, the world’s most advanced self-balancing exoskeleton, has been named a 2025 TAG Awards Winner for MedTech Innovation. This …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 22, 2025 - 21:04 GMT

J. Blanton Plumbing Partners with Pet Boutique for Community Raffle and Animal Shelter Support

Local plumber teams up with pet boutique for a community raffle and shelter donation campaign benefiting pet owners and rescue animals. EVANSTON, IL, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- A new partnership between J. Blanton Plumbing …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on May 22, 2025 - 21:00 GMT

Global Gas Generating Systems Market Booms as Industries Embrace Cleaner and Cost-Effective Power Solutions

Gas Generating Systems Market saw strong 2024 growth, driven by rising energy needs, cleaner fuel use, and demand for reliable on-site gas solutions. NEWARK, DE, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- The global Gas Generating Systems Market …

Distribution channels: Business & Economy ...
Published on May 22, 2025 - 20:30 GMT

Global Safety Light Curtains Market to Hit USD 2,028 Million by 2035, Driven by Automation & Safety Regulations

Safety light curtains halt machines instantly when disrupted, ensuring worker safety. adoption is rising in North America amid growing automation demands. NEWARK, DE, UNITED STATES, May 23, 2025 /⁨EINPresswire.com⁩/ -- The global safety light …

Distribution channels: Business & Economy ...
Published on May 22, 2025 - 20:15 GMT

Regulators Discuss Challenges in Dentistry at Chicago Meeting

AADB event highlights growing concerns CHICAGO, IL, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- The American Association of Dental Boards (AADB), a leading organization in dental regulation, held its Mid-Year Meeting in Chicago this April …

Distribution channels: Business & Economy, Healthcare & Pharmaceuticals Industry ...
Published on May 22, 2025 - 20:14 GMT

New Website Launch from Appalachian Ford Solutions

Appalachian Ford Solutions announces the launch of its new website, enhancing accessibility to specialized Ford vehicle repair services. FALL BRANCH, TN, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- Appalachian Ford Solutions has unveiled …

Distribution channels: Automotive Industry, Business & Economy ...
Published on May 22, 2025 - 20:07 GMT

Charlotte Sign Company: Expanding Innovation in the Charlotte NC Sign Industry

Charlotte Sign Company grows to meet needs of Charlotte Area entrepreneurs. CHARLOTTE NC, NC, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- Charlotte Sign Company is emerging as a leader in the Charlotte sign manufacturing sector. With an …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on May 22, 2025 - 20:00 GMT

Exclusive 10-Day Charity Auction Launches May 22 to Support NAMI, Featuring Celebrity Experiences and Premium Gifts

Bid for Change: Once-in-a-Lifetime Experiences Supporting Mental Health with NAMI. 10 Days. Unforgettable Items. One Cause—Advancing Mental Health Awareness NEW YORK, NY, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- In a powerful show of …

Distribution channels: Business & Economy, Companies ...
Published on May 22, 2025 - 20:00 GMT

Outsourced Accounts Payable Services Support California Businesses in Enhancing Financial Accuracy and Efficiency

California businesses boost efficiency and compliance with outsourced accounts payable services from trusted firms. MIAMI, FL, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- To streamline operations, cut expenses, and guarantee financial …

Distribution channels: Business & Economy ...
Published on May 22, 2025 - 19:57 GMT

Hidden Hazard: Neglected Grease Traps Plague NYC Restaurants and Waterways

Hidden Hazard: Neglected Grease Traps Plague NYC Restaurants and Waterways. Dirty Grease Traps Clog Sewers and Threaten Environments in New York City NEW YORK CITY, NY, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- An unseen menace is lurking …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on May 22, 2025 - 19:53 GMT

MSPA Americas Announces 2025 Shoppers’ Choice Winners

The Customer Journey Trade Association Recognizes 10 Member Companies ORLANDO, FL, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- MSPA Americas, the trade association for companies engaged in creating, measuring and enhancing the customer journey, …

Distribution channels: Business & Economy, Companies ...
Published on May 22, 2025 - 19:30 GMT

Women Elevate Their Leadership Presence at WATT Launch—A New Accelerator for Women Leaders

Leadership coach and photographer partner to launch WATT, a leadership accelerator helping women thrive and advance in male-dominated industries. CALGARY, ALBERTA, CANADA, May 22, 2025 /⁨EINPresswire.com⁩/ -- On May 9, a group of professional …

Distribution channels: Business & Economy ...
Published on May 22, 2025 - 19:24 GMT

IMPORTANT NOTICE TO CUSTOMERS OF JAMES MARIANI/NATIONAL SECURITIES AND AEGIS CAPITAL WHO SUFFERED LOSSES IN NYC REIT

If You Suffered Losses With Financial Advisor James Mariani at National Securities or Aegis Capital, Please Contact the Law Firm of KlaymanToskes NEW YORK, NY, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- National investment loss and …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 22, 2025 - 19:22 GMT

IMPORTANT NOTICE TO INVESTORS WHO SUFFERED LOSSES IN PETROROCK OIL & ENERGY WITH GL TRUST AND GREG WILSON

If You Suffered Losses With Financial Advisor Gregory Wilson or GL Trust Please Contact the Law Firm of KlaymanToskes IRVINE, CA, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- National investment loss and securities law firm KlaymanToskes …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 22, 2025 - 19:00 GMT

Outsourced Accounts Receivable Services Boost Financial Control for California Businesses

 Discover how outsourced accounts receivable services from IBN Technologies boost cash flow, reduce risk, and ensure timely payments. MIAMI, FL, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- More decision-makers are adopting simplified …

Distribution channels: Business & Economy ...
Published on May 22, 2025 - 18:52 GMT

American IRA Appoints Athena Sexton as Chief Operating Officer

American IRA is proud to announce the promotion of Athena Sexton to the position of Chief Operating Officer (COO). ASHEVILLE, NC, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- American IRA is proud to announce the promotion of Athena Sexton …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on May 22, 2025 - 18:52 GMT

Southern Steer Butcher Receives Recognition for Excellence in Local Communities

PALM HARBOR, FL, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- Southern Steer Butcher has won yet another award – this time in Sarasota – recognizing the company’s commitment to quality and service in local communities. Southern Steer …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...
Published on May 22, 2025 - 18:51 GMT

Introducing NouLuxe Realty: A Bold New Chapter in Atlanta Real Estate, Founded by Keianna Williams & Ebony Austin

NouLuxe Realty: The New Standard in Realty. ATLANTA, GA, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- Atlanta is home to a bold new vision in real estate with the official launch of NouLuxe Realty, a dynamic Black woman-owned brokerage …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on May 22, 2025 - 18:46 GMT

IMPORTANT NOTICE TO WESTERN INTERNATIONAL SECURITIES CUSTOMERS WHO SUFFERED LOSSES IN GWG L BONDS

If You Suffered Losses in GWG L Bonds at Western International Securities, Please Contact the Law Firm of KlaymanToskes IRVINE, CA, UNITED STATES, May 22, 2025 /⁨EINPresswire.com⁩/ -- National investment loss and securities law firm KlaymanToskes …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...