"Pitch and their pitchfork came to town Friday, another downgrade and this time both sets of debt, local and foreign currency denominated. Either way you look at it, there is no way to paint lipstick on the proverbial pig. The one thing that it may well do is galvanise us, and government, into thinking more … Continue reading What a Fitch
"That is all very nice and theory is excellent (who doesn't love a good equation?), what does it mean in practice? The consequences might actually see a conservative banking sector pull their horns in even more, to reduce risk. And that may well mean that unfortunately Mr. and Ms. Consumer will find it harder and … Continue reading Banking Spanking
"Anyhow, believe it or not, the market had anticipated that the ratings agencies would follow this track, the finance minister had said before the announcement that he believed they had done enough. As such, we saw a big rally ahead of the non-event, essentially." To market to market to buy a fat pig The … Continue reading We passed, just.
"So there you have it. All the anxiety in the world won't change the minds of folks who are there to try and keep you on the fiscal straight and narrow. Call them financial advisors at a national level." To market to market to buy a fat pig Today is the day that a … Continue reading SA gets Rated