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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Johannesburg - Fitch Ratings' decision today to downgrade South Africa's outlook to negative has caught the wrong trend at the wrong time, is reactive and if anything, they should have been looking at a rating upgrade.
This is the view of chief economist from Investment Solutions, Chris Hart, who says that Fitch "got it wrong".
He says he agrees with the National Treasury, which came out after the outlook news to say that Fitch has overlooked certain material facts in suggesting that it would be difficult to keep macroeconomic and fiscal policy sound.
Says Hart: "They have been downgrading emerging market outlooks, but I would rather be in an SA bank than a US or UK one."
"They may be attempting to get ahead of the curve, but they have the wrong curve," he adds.
"The risk between us and the developed world has decreased, not increased," he points out.
"Matters have shifted and the developed world is not a static bedrock to measure all risk," concludes Hart.
- I-Net Bridge