The National Treasury sees the downgrade of the country’s debt to junk by Moody’s Investors Service as an opportunity to start fixing the economy.
While the annoucement that was made close to midnight on March is expected to add to the deterioration in the rand’s exchange rate, the country is now “given an opportunity to do the things we are supposed to do,” Tshepiso Moahloli, acting head of asset and liability management at the National Treasury, said on a call with reporters on Sunday evening...
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