Credit rating reprieve opportunity to address socio-economic challenges‚ business leaders say
Moody’s decision to leave SA’s credit rating unchanged at one rung above junk status has received the resounding endorsement of business‚ but with a warning that this window of opportunity should be used to urgently address the country’s socio-economic challenges. “Whilst we welcome the decision as reflective of the progress we are making as a country in correcting some of our own goals‚ it is no reason to be complacent. This decision gives us another opportunity to roll up our sleeves and address the socio-economic challenges facing our nation‚” said Business Leadership South Africa (BLSA) CEO Bonang Mohale. He noted that South Africa’s growth outlook had improved markedly since the beginning of the year‚ with Goldman Sachs and the Organisation for Economic Co-operation and Development (OECD) upwardly revising their growth forecast for the country. “The unequivocal message from investors is that South Africa must deal with corruption and fix State-Owned Enterprises (SOEs). Consider...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.