The question is ought to be, is there political will to implement the structural reforms that are necessary to get us the right level of growth to the country. And I am saying to you the evidence suggests there still is.— Sim Tshabalala, Standard Bank CEO
Standard Bank CEO Sim Tshabalala says he hopes the democratic process of changing country's leadership doesn't destruct leaders from an urgent need to generate fast and inclusive growth.
He says the decisions should be in the best interest of economic growth.
On Friday, credit ratings firm, Moody's Investors Service kept South Africa's sovereign rating unchanged at Baa2 on Friday, two levels above sub-investment grade, with a negative outlook.
Another rating agency, Fitch kept SA’s rating at BBB-‚ one notch above sub-investment‚ but revised the outlook from stable to negative.
Fitch said its decision was influenced by a number of issues, including political risks, standards of governance and policy-making.
Listen to the full interview with Standard Bank CEO Sim Tshabalala below...