Moody’s Investor Service has changed the outlook to positive on South African banks’ Baa1 foreign currency long-term bank deposit ratings and foreign currency long-term issuer ratings of two development institutions. This action follows Moody’s earlier change in outlook on the country’s ceilings for foreign currency bank deposits and foreign currency bonds.

Société Générale Corporate & Investment Banking and Brait Specialised Funds, the provider of hedge fund solutions to institutional investors, has launched a leveraged certificate on the Brait Absolute South Africa Fund. The certificate provides dollar exposure to the SA hedge fund industry for European high net worth individuals and it also gives them easy entry to the South African market, which has been difficult to access due to regulatory barriers.

Resolution Health Medical Scheme has had its “A” rating reaffirmed by rating agency Global Credit Rating. The agency says the scheme’s %E

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