The Science Of ...

Stability. THAT is how South Africa can avoid a downgrade in December!

We just need stability!

Isaac Matshego

(Click here for more from The Money Show.)

Ratings agency Standard & Poor's Global decided to give South Africa another chance at avoiding a downgrade to non-investment grade.

We now have six months to make good on the promises that saw us avoid so-called junk status.

Ray White interviewed Argon Asset Management Economic Strategist Dr. Thabi Leoka, Investment Solutions Chief Economist Lesiba Mothata and Nedbank Economist Isaac Matshego for the weekly "The Science Of" feature.

Leoka and Mothata discussed what we need to do from now until December in order to avoid a downgrade.

Scroll down for quotes from the audio below.

An economy can’t grow if unemployment is at 28%.

Dr. Thabi Leoka

S&P will watch us closely for political stability.

Dr. Thabi Leoka

Monetary policy is the only aspect S&P rated positively.

Dr. Thabi Leoka

Demand for our goods has slowed down.

Dr. Thabi Leoka

Government must put the country first.

Dr. Thabi Leoka

The lion’s share of state guarantees goes to Eskom.

Lesiba Mothata

Ethiopian Airways is a good example of a well-run, government owned airline.

Lesiba Mothata

There is more urgency to implement.

Lesiba Mothata

S&P dedicated 10 lines to the political situation in South Africa.

Isaac Matshego

S&P believes the tensions within the ANC is threatening the stability of South Africa.

Isaac Matshego

Domestic factors really play a big role.

Isaac Matshego

Let us keep Pravin Gordhan until we’ve stabilised this boat.

Isaac Matshego

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI

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
'New law threatens to wipe out vaping in South Africa'

'New law threatens to wipe out vaping in South Africa'

The Money Show’s Bruce Whitfield interviews Zodwa Velleman, CEO at the Vapour Product Association of South Africa.

How to ace a job interview (and when to talk about money)

How to ace a job interview (and when to talk about money)

The Money Show’s Bruce Whitfield interviews Andrew Woodburn, Managing Director at Amrop Woodburn Mann.

How to make a 'TV' show (in the dying days of old-school television)

How to make a 'TV' show (in the dying days of old-school television)

The Money Show’s Bruce Whitfield interviews Cheeky Media Joint MD Yusuf Stevens.

Boeing is booming (763 commercial jets delivered this year, an industry record)

Boeing is booming (763 commercial jets delivered this year, an industry record)

Boeing made more planes than any other manufacturer for five years in a row. Bruce Whitfield interviews Boeing's J Miguel Santos.

Daily Maverick – pivotal to democracy (e.g. #GuptaLeaks) – asks for a donation

Daily Maverick – pivotal to democracy (e.g. #GuptaLeaks) – asks for a donation

The Money Show’s Bruce Whitfield interviews Daily Maverick Publisher Styli Charalambous.

Costa Rica went from broken and poor to brilliant and prosperous in 15 years

Costa Rica went from broken and poor to brilliant and prosperous in 15 years

A story of hope for South Africa. The Money Show's Bruce Whitfield interviews Dr Adrian Saville (Cannon Asset Managers, Gibs)

Popular articles
5 highlights from Pravin Gordhan’s state-owned company clean-up

5 highlights from Pravin Gordhan’s state-owned company clean-up

The Money Show’s Bruce Whitfield interviews Corruption Watch Executive Director David Lewis.

ANC Tshwane says the City's mayor knew of the looted R12 billion

ANC Tshwane says the City's mayor knew of the looted R12 billion

ANC Tshwane spokesperson Bafuze Yabo gives details of their planned action against the City of Tshwane.

Jacques Pauw: We need more evidence on the 'The Lost Boys of Bird Island' book

Jacques Pauw: We need more evidence on the 'The Lost Boys of Bird Island' book

Investigative journalist and author Jacques Pauw shares his thoughts on 'The Lost Boys of Bird Island' book.

[WATCH] Kid goes from 'be a fart machine at work' to 'I love you dad'

[WATCH] Kid goes from 'be a fart machine at work' to 'I love you dad'

Khabazela shares tweets & videos that have gone viral including a parrot that told firefighters the F-word during its rescue.

'Black Tax'... working hard, earning well, but struggling financially

'Black Tax'... working hard, earning well, but struggling financially

Young(ish) South Africans tell stories of the mixed emotions they feel when supporting family members, and tips from an advisor.