Rating agencies do make mistakes, but still carry weight - expert

International rating agency, Moody's Corp, has agreed to pay $864 million to settle with the United States government over signing low-risk ratings to very high-risk mortgage investments, which led to the 2008 financial crisis.

Moody's admitted error of judgement and that it did not follow the correct procedure.

Argon Asset Management chief investment officer, Thabi Leoka, looks at how this will affect Moody's credibility.

Leoka says the problem is that rating agencies are self-regulatory and no one controls them.

Listen to the interview below for more information...

Read More
Can South Africa avoid a downgrade this year?

Can South Africa avoid a downgrade this year?

Financial Warren Ingram, says South Africa must take heed of concerns raised by rating agencies last year.

South Africa counts down to last rating agency announcement today

South Africa counts down to last rating agency announcement today

Standard & Poor’s Global will today announce whether it is downgrading South Africa and analyst predicts it will remain unchanged.

'Leaders shouldn't be destructed from urgent need for inclusive economy'

'Leaders shouldn't be destructed from urgent need for inclusive economy'

Standard Bank CEO says changing country's leadership shouldn't destruct leaders from an urgent need to generate fast growth.

Fitch keeps SA credit rating unchanged

Fitch keeps SA credit rating unchanged

Fitch has listed a number of issues, including increase in political risks standards of governance, as factors to its decision.

All eyes on South Africa ahead of Moody's and S&P credit rating review

All eyes on South Africa ahead of Moody's and S&P credit rating review

The economy has been under pressure over the years with stagnant growth and growing unemployment.

A guide to how National Treasury works

A guide to how National Treasury works

Neo Leshabane describes to #NightTalk's Sizwe Dhlomo how National Treasury works.

5 things currently driving the rollercoaster rand

5 things currently driving the rollercoaster rand

It’s up! It’s down! It’s never flat. Treasury One CEO Hennie de Klerk discusses the five major drivers of SA's volatile currency.

Moody’s assures SA it won’t downgrade (if economic growth holds up)

Moody’s assures SA it won’t downgrade (if economic growth holds up)

The Money Show’s Bruce Whitfield interviews two senior economists who read between the lines.

Ratings agencies cast doubt on governance at SOEs

Ratings agencies cast doubt on governance at SOEs

Moody’s has placed the ratings of five SOEs on review for downgrade over mounting debt, political infighting and poor leadership.

Popular articles
It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

Best way to get richer (especially if you’re between ages 20 and 45)

Best way to get richer (especially if you’re between ages 20 and 45)

Still young(ish)? Consider the single best thing you can do to increase your wealth by much more than the inflation rate.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.