The Midday Report Live Blog

Will they, or won’t they downgrade us? We’re hours away from knowing…

Some of the risk of a downgrade is already priced in by the markets.

Kevin Lings, Stanlib Chief Economist

S&P will wait for markets to close on Friday, then it will hit us with its verdict.

The Midday Report’s Stephen Grootes interviewed Stanlib Chief Economist Kevin Lings.

Scroll down for quotes from the audio below.

They’re looking at the risk of us not being able to pay our debt.

Kevin Lings, Stanlib Chief Economist

The Brazilian authorities didn’t respond and the ratings agencies rerated them to 'junk'.

Kevin Lings, Stanlib Chief Economist

South Africa hasn’t deteriorated as much as Brazil.

Kevin Lings, Stanlib Chief Economist

The Budget in February was focussed on controlling government expenditure.

Kevin Lings, Stanlib Chief Economist

South Africa cannot be economically successful without foreign investment. It’s just not possible!

Kevin Lings, Stanlib Chief Economist

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