According to Moody’s Investor Service, South Africa’s new prudential regulatory standard for insurers, known as Solvency Assessment and Management (SAM), brings the country’s insurance regulation into line with international best practice. (more…)
Tag ArchivesMoody’s
SA banking system: Resilient financials amid a weakening economy drive our stable outlook, says Moody’s
Moody’s says in its outlook on the SA banking system issued today: We have changed our outlook for the South African banking system to stable from negative, reflecting our assessment that the banks’ financial metrics and creditworthiness will remain resilient over the next 12 to 18 months, despite weakening operating conditions. Slow economic growth will […]
Turkey fallout highlights vulnerability of some EMs
Moody’s Investors Service says the fallout from the correction in Turkey’s (Ba3 negative) exchange rate and asset prices highlights again the external vulnerability and sensitivity to a rise in the cost of debt of some emerging and frontier market nations. (more…)
Moody’s on South Africa: fiscal slippage likely this year, but medium-term targets within reach
“We expect a slower pace of fiscal consolidation than the Government of South Africa (Baa3 stable) is forecasting based on a number of headwinds,” Moody’s said in a statement this afternoon. (more…)
Moody’s: Weak macroeconomic conditions to have limited effect on securitised transactions in SA
Moody’s Investors Service today published a structured finance research report that looks at the performance of South African commercial mortgage-backed securities (CMBS) and residential mortgage-backed securities (RMBS). “Despite subdued economic activity, with weak consumer demand, low business investment and political uncertainty, the effects on the underlying commercial/residential real estate markets and associated securitised transactions is […]
Recovery in business confidence crucial for SA’s growth: Moody’s
While consumer and business confidence in South Africa (Baa3 stable) improved in the first quarter of the year, investment weakened during that period. This is according to an issuer report from Moody’s. (more…)
Guardrisk Group ratings confirmed
International rating agency, Moody’s Investor Service, recently confirmed the ratings assigned to three companies in the Guardrisk Group, which is a subsidiary of JSE-listed MMI Holdings. (more…)
SARS collects R1 216.6 billion in the financial year 2017/18
The South African Revenue Service collected an amount of R1 216.6 billion in the financial year 2017/18. This was announced today at a press conference by the Minister of Finance, Nhlanhla Nene. “It should be noted that these are preliminary results, which will be subject to final audit. The preliminary result is very close within 0.06% […]
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WIN a copy of ‘Everything you need to know about non-life insurance in SA’
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Investors must consider ESG factors
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IAM acquires controlling stake in Richfield Holdings
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VBS curator reduces costs of the Bank
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WIN a copy of ‘Everything you need to know about non-life insurance in SA’
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Investors in unit trusts could expect more taxes
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Bestmed Medical Scheme named as HR Future Technology Champion 2018
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Compli-Serve KZN welcomes new compliance officer Tyran Naidoo
