A downgrade would complicate government’s already tricky task to balance the budget and it will most likely raise borrowing costs.
“Until now Moody’s has been hoping that the structural reforms has been promising all the time would actually be implemented. And they’ve given us a benefit of the doubt to see if that is going to happen but it appears as if the Medium Term Budget Policy Statement confounded those areas of hope and instilled pessimism and disillusionment within Moody’s.”
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SACP must contest 2021 local govt elections - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Young Communist League Treasurer, Kebaabetswe Nkate, has reiterated their position that the SACP must contest the 2021 local government elections for the benefit of the working class. They won't even try Then you must know they are looking for money or they want some of their leaders to be strategically placed in government. That's their best bet instead of being fooled
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South African markets get short-term boost from Moody's reprieve | IOL Business ReportThe rand and government bonds surged on Monday after ratings agency Moody’s kept the country’s last investment-grade credit rating intact.
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