Moody’s assured South Africa on Tuesday that the probability of it downgrading the country’s credit rating is about 33%.
However, it warns that a downgrade is very likely should growth fall below the estimated 0.2% for the year.
The Money Show’s Bruce Whitfield interviewed Investec Asset Management Economist Nazmeera Moola and Macquarie Senior Economist Elna Moolman.
Scroll down for quotes from the audio below.
They’re looking at us relative to other emerging markets.— Nazmeera Moola, Investec Asset Management
Growth is the single biggest worry for ratings agencies.— Nazmeera Moola, Investec Asset Management
They have given us credit for easing our electricity constraints.— Elna Moolman, Macquarie
I think the Reserve Bank won’t do anything [at its next Monetary Policy Committee meeting].— Elna Moolman, Macquarie
November was the seventh consecutive month of slowing price growth. And there is no end in sight, according to FNB.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
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Gordhan doesn’t trust Sars' information “because of a lack of accountability and cooperation from the Sars top management”.
The Money Show’s Bruce Whitfield interviews Wellness Warehouse cofounder Dr Sean Gomes.
The Money Show’s Bruce Whitfield interviews Financial Advisor Warren Ingram about how to profit, if you expect the worst.