Moody’s “seems to set a high bar for a future downgrade given that it already bakes in weaker growth forecasts and bearish fiscal estimates”, says Intellidex analyst Peter Attard Montalto. Featured in Bloomberg
Gains from improved collection by new management at the SA Revenue Service will be offset by emigration and lower growth than forecast. There are no gains to be had from higher taxes — they will... read more
Intellidex is a leading research and consulting firm that specialises in capital markets and financial services in Africa.