Here’s what it’ll take for South Africa to rise from junk status…

We need more than a sense of stability to get out of junk status.

Dr Thabi Leoka, Argon Asset Management

Growth is a big, big issue that we can’t solve very quickly.

Dr Thabi Leoka, Argon Asset Management

What will it take SA to get out of junk status again?

Arabile Gumede (in for Bruce Whitfield on The Money Show) interviewed Argon Asset Management Economic Strategist Dr Thabi Leoka.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

The banks are not in the wrong. They can’t have a higher rating than the sovereign. They were collateral damage.

Dr Thabi Leoka, Argon Asset Management

The new minister [of Finance] says he will keep fiscal policy; he will not rock the boat.

Dr Thabi Leoka, Argon Asset Management

We haven’t tackled our structural problems.

Dr Thabi Leoka, Argon Asset Management

The former finance minister [Pravin Gordhan] did well to bring labour and business together.

Dr Thabi Leoka, Argon Asset Management

I don’t blame business for not trusting Government as they have reneged on promises.

Dr Thabi Leoka, Argon Asset Management

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Article brought to us by Old Mutual.


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