The rand currency has fallen more than 12 per cent since March 27th

Ratings agency Fitch is likely to follow rival Standard & Poor’s and cut South Africa’s sovereign credit rating to below investment-grade, analyst(...)

People sit outside the Greek parliament in Athens.  Standard & Poor’s rating raised Greece’s credit rating by two notches to CCC+ after the indebted country reached a preliminary deal with its creditos for a third bailout deal. Photograph: AFP  Photo

Standard & Poor’s yesterday upgraded Greece’s sovereign credit rating by two notches and revised its outlook to stable from negative. The embattle(...)