Rating agency Moody's has cut South Africa's sovereign credit rating to sub-investment grade.
The South African Federation of Trade Unions says Moody’s decision comes at the worst time possible. SAFTU Secretary General Zwelinzima VaviSA says while it was expected, it is nonetheless very disappointing as it comes at a time when the country battles the coronavirus.is once again a warning to a corrupt government.
The party’s Shadow Minister of Finance Geordin Hill-Lewis says although the COVID-19 crisis has also worsened the country’s economic outlook, government’s refusal to implement structural reforms is to be blamed.
SACP helped the ANC to destroy the contry's economy, now they want to complain when the junk status they put our country in is confirmed. Bloody capitalists!
The Sacp has one member....so are less represented than the Verwoerds
Interesting ..I wonder why is South Africa always being downgraded ...we need to start keep South Africa for its people..maybe then we wont be in shit street ...
Who's heartless Moody's or those who cleaned state coffers & looted billions of taxpayers money & now S.A. is bankrupt..everyone was watching & doing nothing whilst state was corrupted & mismanaged..now u have a luxury of seeing heartless Moody's..useless liars
I wish the SACP will just go away. They have no solutions to offer. Their racist National Democratic Revolution including cadre deployment and the growing threat to property rights are the problem and most certainly not credit rating agencies.
It doesn't make sense to judge an economy during a global pandemic. There should be some kind of moratorium on these agencies.
Who is moody, I hope Corona visit them so we don't hear from them again.
Lool they blaming Moody's, if it was Zuma in charge they were going to blame him
Oh please just tell them to fokof
In the midst of a global pandemic, they choose to find ways to suppress the African Child !
Heartless .
BUT NO ONE NOTICED EXCEPT MOODY ITSELF...WE WILL INDEED OICK OURSELVES OUT OF THIS DISASTER AND WILL BOUNCE BACK BETTER PEOPLE ,IF WE CAN MAINTAIN THE MOMENTUM AFTWR 21 DAYS.
The truth is Moody's has been very very lenient and patient with us they really tried, they had to downgrade otherwise they ran the risk of losing credibility
They never said this during Zuma's tenure now that they received a junk of 1b Cr17 campaign money, the bouncers are now defending the defenceless
Wasn't this Moodys lot implicated and fined for corruption or something?
All moodys do is report
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