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

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Poo thrower-in-chief sold himself to the highest bidder - ANC

Poo thrower-in-chief sold himself to the highest bidder - ANC

Cape Town ANC's Xolani Sotashe questions appointment by City of Cape Town of Loyiso Nkohla, once the City's biggest adversary.

New medical aid registrar vows to integrate private and public health care

New medical aid registrar vows to integrate private and public health care

Dr Humphrey Zokufa appointed Register of the Council for Medical Schemes by Minister of Health says no conflict of interest.

Classes suspended at Wits as protests continues #Fees2017

Classes suspended at Wits as protests continues #Fees2017

Wits University beefs up security and a meeting is held to find a way forward.

No decision on who to back for President - Cosatu

No decision on who to back for President - Cosatu

Cosatu says decision on who to back as next President has to be a unified one and not a decision that will divide the federation.

How long does it typically take to recover after a downgrade to ‘junk’?

How long does it typically take to recover after a downgrade to ‘junk’?

An economist looks at 15 countries that experienced a downgrade, but were again able to recover their investment-grade rating.

How to invest should SA get downgraded (and how to invest if we don’t)

How to invest should SA get downgraded (and how to invest if we don’t)

There’s money to be made, whether S&P downgrades our credit rating or not. However, different scenarios need different strategies.

Popular articles
Roger Moore has died, age 89

Roger Moore has died, age 89

Listen to Roger Moore opening up to CapeTalk's Melanie Verwoerd about his life, acting and being James Bond.

Budget 2017: DA hoped for spending cuts, not tax increases

Budget 2017: DA hoped for spending cuts, not tax increases

The DA believes that raising taxes is not the answer to South Africa's economic woes and propose more cost-cutting for government.

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

Earn peanuts? How to best invest very small amounts...

Earn peanuts? How to best invest very small amounts...

Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…

How Naspers paid peanuts for Tencent (China’s most valuable company)

How Naspers paid peanuts for Tencent (China’s most valuable company)

In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 reasons why the tourism industry is sceptical about the latest numbers

5 reasons why the tourism industry is sceptical about the latest numbers

The tourism industry is questioning the veracity of the surprisingly upbeat tourism figures and the timing of their release.