South Africa is Ruled by Rating Agencies

By Andile Mngxitama South Africa is being ruled by three credit rating agencies – Fitch, Standard and Poor’s (S&P) and Moody’s. Fitch, which is owned by one of America’s largest diversified media companies – Hearst, has its headquarters in both New York City and London while S&P and Moody’s are based in America. Their legislative …