S&P decided to downgrade SA’s international credit rating to below investment grade and decided to retain the negative outlook

On 3 April 2017, Standard and Poor’s Ratings Services decided to cut South Africa’s international credit rating from BBB- to BB+. A rating of BB+ is considered below investment grade (sometimes referred to as “junk status”). Unfortunately, the negative ratings outlook was also retained, suggesting that S&P could revise the country’s credit rating lower at…

Cabinet Reshuffle: how it impacts you

By Mokgatla Madisha, Head of Fixed Interest at Sanlam Investment Management “Don’t get distracted, focus on the fundamentals”, says Mokgatla Madisha, Head of Fixed Interest at Sanlam Investment Management. The political situation in South Africa has been fluid for quite some time so the events of last week are not all that surprising. They serve…

MOTORING: A dark, edgy lifestyle statement

Rolls-Royce Sandton recently launched the Rolls-Royce Black Badge in South Africa. This new series comes in Ghost and Wraith only, and what more fitting place to launch the cars than the newly revamped Kyalami race track ‘Black Badge is an attitude to life, an aspect of the Rolls-Royce brand that appeals to those people who…

ANALYSIS: THE REASONABLE PERSON

Part II of the ‘reasonable informed third party’ (RITP) essay deals with the definition of the parts of the RITP concept and the function. RITP will be defined anew when a new IESBA Code will be issued and that will be dealt with in a further article on this matter While the concept of reasonable…

VIEWPOINT: ACCOUNTANTS OF THE FUTURE

How can you reinvent your field? Many times in history, individuals or corporations have stood out because they thought outside the box and reinvented the way they approached and did something. This then marked a change in the entire industry or field, and so their names and stories have made history. Take the high jump,…

FEATURE: TOP APC CANDIDATES 2016

MATTHEW LEGG How did you prepare for your exams? By sitting in a room, discussing and debating day in and day out with a team of three of the most beautiful and brilliant minds I know. Dane, Dean, Kerri (in alphabetical order), thank you beyond words for carrying me through – this achievement is as…