Author: Jatin Kasan

The South African Reserve Bank’s Prudential Authority (PA) has confirmed its intention to derecognise Moody’s Investors Service South Africa as an eligible external credit assessment institution (ECAI), with a 24‑month transition period running to April 2028. While the regulatory mechanics are now well understood, the more important question is how this development is playing out across South Africa’s financial sector in practice. From our work with banks, insurers and asset managers, the answer is that this is not a crisis moment, but it is a meaningful inflection point. A REGULATORY CHANGE, NOT A MARKET SHOCK It is important to separate…