There have been accusations that Standard & Poor’s (S&P) have a political agenda and want to dictate decisions of the President.
Former Home Affairs Minister, now Finance Minister Malusi Gigaba, Cosatu, SACP and the ANC Women’s League (ANCWL) have previously accused the global ratings agency of interfering in the ruling party’s internal political issues.
702 Breakfast host, Xolani Gwala, says it is disingenuous to say rating agencies lack credibility.
You should have started criticising them before 2012. You should have thought about how conspiratorial they are before 2012. But because it serves you now you say, 'we can't be held ransom by agencies serving a political agenda.— Xolani Gwala, 702 Breakfast host
When did they start serving this political agenda? President Jacob Zuma started presiding over the country in 2009, and not until 2012 did they start downgrading us.— Xolani Gwala, 702 Breakfast host
Listen to the full comment below...