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  • 3 days ago | kfgo.com | Colleen Goko

    By Colleen GokoJOHANNESBURG (Reuters) -South Africa needs faster economic growth and credible fiscal consolidation to secure its first credit rating upgrade in two decades, a senior S&P Global Ratings official said on Wednesday. At its most recent review of South Africa last month, S&P affirmed the sub-investment grade ‘BB-/B’ foreign currency rating and maintained a “positive” outlook.

  • 1 week ago | reuters.com | Colleen Goko |Kopano Gumbi

    Rashad Cassim, Deputy Governor of the South African Reserve Bank, speaks during an interview on the sidelines of the G20 Finance Ministers meeting at the Cape Town International Convention Centre, Cape Town, South Africa February 24, 2025.

  • 1 week ago | timeslive.co.za | Colleen Goko

    29 May 2025 - 13:15 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. Ghana's cedi has gained 42% against the dollar since January, changing hands near 10.20 to the greenback on Wednesday morning, according to LSEG data. Stock photo.

  • 1 week ago | reuters.com | Colleen Goko

    Cedi's 42% rise against dollar boosts fiscal spaceCentral bank denies reserve-fuelled support for cediGold windfall and IMF program aid cedi's surgeJOHANNESBURG, May 28 (Reuters) - Ghana's cedi currency has jumped more than 40% versus the U.S. dollar this year, far outperforming its African and emerging market peers, shrinking the cost of the country's foreign debt and giving it more fiscal breathing room.

  • 2 weeks ago | theherald.co.za | Colleen Goko |Bhargav Acharya

    Finance minister Enoch Godongwana says government did not expect to overshoot on spending. South Africa will need to slash spending if its tax agency does not meet its revenue collection target this year, finance minister Enoch Godongwana says, as the government focuses on keeping rising debt under control. Godongwana was speaking after making only minor adjustments to the government's spending plans and deficit projections in a third budget presented to lawmakers on Wednesday.

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