Economy

Moody’s leaves SA’s credit rating unchanged in periodic review

Moody's Ratings has maintained South Africa's credit rating at Ba2 with a stable outlook, acknowledging both resilience and structural weaknesses. The review follows S&P Global's upgrade and Fitch's cautious stance, highlighting challenges like aging infrastructure and inequality, but noting progress in sectors such as energy and logistics.

By Jana Marx




Avon pledges no job losses in SA amid merger

Consumer goods retailer Avon International has received approval to acquire UK-based Natura &Co UK, the owner of Avon’s South African operations. As part of the approval, Avon has agreed not to retrench any employees in South Africa for two years.


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