between the chains
SIKONATHI MANTSHANTSHA: Mortgages and junk status
Zuma and his supporters will soon find out what the president’s actions have really cost them
28 April 2017 - 06:56
So we have now survived the credit downgrades to junk status. And we did so unscathed. Pravin Gordhan was fired and the sky didn’t fall. Where is this hell that the so-called experts warned about if the president interfered with the functioning of national treasury? These are the taunting questions some of us have had to endure since the events of late March. Supporters of the new agenda of "radical economic transformation" (RET) point at the rand having "responded well" to Gordhan’s firing as proof that there’s "nothing special" about breaking institutions of accountability.
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