Economist Dawie Roodt says South Africa can brace for a possible further downgrade from international credit rating agencies, followingRoodt says this is usually what happens to other countries that are greylisted by the Financial Action Task Force, which is an international watchdog on financial crime.
The South African government says it has eight outstanding recommendations to address while sixty-seven deficiencies that were flagged by the financial watchdog have been addressed.“Quite often what happens is that if there is a greylisting of a country, that quite often goes hand in hand with a downgrade. Now, I listened to the Minister of Finance on his budget speech as an example or the day before his budget speech.
Thanks ANC
Mara truly anc is costing us and it makes our life very difficult.
Do those in power or MPs care? One wonders if they know what their duties they are employed for other than bring at each others throats shouting in the kindergarten
Mxm sies gvt
A welcome move.