Goldman Sachs Sub-Saharan Africa MD Colin Coleman discusses how business and labour worked with the government to help avert a ratings downgrade
Colin Coleman is the MD of Goldman Sachs Sub-Saharan Africa. BUSINESS DAY TV: S&P (Global Ratings) has maintained SA’s credit rating, a move that vindicates the efforts by government, business and labour to restore confidence in the country’s economy. But the hard work isn’t over yet. The CEO Initiative says this is now the beginning rather than the end of a process that’s needed to reach higher levels of growth. With today’s GDP print already revealing that full-year growth expectations may need to be revised down, what else can be done to avoid a downgrade next year? Colin Coleman, MD of Goldman Sachs Sub-Saharan Africa, joins us in the News Leader studio now. Colin ... so the beginning rather than the end of a process you said in a release on Friday after the S&P ratings decision came out, to what extent do you feel like you’re swinging against the tide at the moment that it is getting tough out there to continue to try and put forward a brave face. COLIN COLEMAN: Let’s take at l...
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