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Struggling South Africa faces threat of junk credit rating

  Johannesburg / AFP South Africa’s political turmoil and weakening economy will come under the harsh spotlight of international credit ratings from this week amid predictions the country could lose its investment-level status. Moody’s will release its updated grading on Friday, before Standard & Poor issues its key announcement a week later on December 2. S&P currently has South Africa—the ...

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Erdogan takes wheel of Turkey’s economic coordination board

  Bloomberg Turkey’s President Recep Tayyip Erdogan will lead a meeting of the economic coordination board on Wednesday, a day after a session under the chairmanship of Prime Minister Binali Yildirim to discuss the slide of the lira was canceled. Government officials said ministers in charge of the economy and senior advisers are expected to attend the 7:30 p.m. meeting ...

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Pakistan economy growing… but is it enough?

  Karachi / AFP Shah Nawaz walks Karachi’s dusty streets, one of thousands in the financial hub who are being fed by charities as Pakistan’s economy picks up pace—but, some say, not fast enough for its poverty-stricken millions. Confidence in Pakistan is growing, with the International Monetary Fund claiming in October that the country has emerged from crisis and stabilised ...

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