YET another top executive has voiced concern about regulatory certainty and fiscal stability in SA, warning of the risk of a sovereign downgrade.Bruce Cleaver, CEO of De Beers, the world’s largest diamond producer, said SA was in deep danger of losing its investment-grade credit rating and needed to assure investors of its commitment to regulatory certainty and fiscal stability."SA is in a slightly difficult place right now," Cleaver said in an interview with Bloomberg TV at the US-Africa Business Forum in New York on Wednesday."I think the threat of a ratings downgrade is serious."SA is struggling to revitalise its economy and contain public debt in the face of possible downgrades to its credit rating, which has been assessed as one level above junk by Fitch Ratings and S&P Global Ratings.Investor unease has been compounded by President Jacob Zuma sparring with Finance Minister Pravin Gordhan for control of the Treasury and state-owned companies.SA’s problems should be resolved ove...
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