Cape Town - Moody's on Tuesday issued a credit opinion maintaining South Africa's sovereign credit rating at investment grade.
"While economic growth will remain slow and fiscal strength will continue eroding, we expect South Africa's credit profile to remain in line with those of Baa3-rated sovereigns," Moody's said. Moody's named political divisions, growth-limiting structural economic bottlenecks, and the weaknesses of state-owned enterprises as the credit challenges South Africa faces.
On the positive side, the agency listed the strength of institutions like the judiciary and the South African Reserve Bank, the country's well-capitalised banking sector and relatively deep financial markets as well as the government's low level of foreign currency liabilities.
THIS COUNTRY WILL BE FNE, THIS COUNTRY WILL PROSPER, THIS COUNTRY WILL DEVELOP WITH OR WITHOUT YOU PROPHETS OF DOOM. PROGRESS SHALL COME AND WE R IN THE RIGHT DIRECTION. IF U WISH FOR THE DOWNFALL OF THE COUNTRY PLEASE STAY AND WATCH.
They desperately want someone to be a president of RSA..... you stood no chance, they r very powerful.... PresJGZuma
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