Tito Mboweni is expected to paint a gloomy picture of the country’s fiscal position later this month. The agency Moody’s has had a fairly stable rating so far, but economists warn that the view may change to negative. Moody’s has already made “negative” comments at its quarterly conference last week. The chance that SA will..
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SA’s fiscal position – Great possibility that economy will be downgraded to junk status
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South Africa is currently on the verge of an economic collapse, with our corrupt government can one expect differently?
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Economists warn that South Africa is on the brink of an economic crisis. The recession, unemployment, the rand’s decline in value as well as international developments are factors that make the red lights flash. The rating agency Fitch stated on Tuesday, September 25, that the so-called stimulus package of Cyril Ramaphosa does not really bring..
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Junk status looms after mid-term budget fails to inspire confidence – It is not looking good for SA
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Economists have warned that South Africa could be in line for a credit downgrade to junk status – possibly before the end of the year. Their fears come in light of Malusi Gigaba’s mid-term budget speech, delivered to parliament on Wednesday. “It is not in the public interest, nor is it in the interests of..
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