Fitch Ratings has downgraded South Africa-based telecoms group MTN Group Limited's (MTN) Long-term Issuer Default Rating (IDR) to 'BBB-' from 'BBB'. The Outlook is Stable. All National ratings for MTN have been affirmed and a full list of rating actions is available at the end of this commentary.

Moody's Investors Service has today downgraded the senior unsecured ratings of Anglo American plc and its subsidiaries to Baa3 from Baa2, its short term ratings to P-3 from P-2. Concurrently, Moody's downgraded the company's national scale rating to A3.za from A2.za and kept short term national scale rating unchanged at P-1.za. Moody's has also placed all ratings on review for downgrade.

South African fashion retailer Truworths International said on Monday it has entered into an agreement to buy an 88.9% stake in Britain’s Office Retail Group for R5.5 billion ($382 million).

Sasol Inzalo [JSE:SIPBEE] ordinary shares started trading on the JSE Empowerment Segment on Tuesday morning.