Michael Avery talks to a panel about SA’s junk status
24 November 2020 - 15:08
byBusiness Day TV
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Ratings agencies quickly sucked any of the precious-little good mood energy out of the room after the third investor conference, which wrapped up last week. It seems the ratings agencies, like the market, don’t believe that the president’s economic recovery and reconstruction plan will lift growth meaningfully enough to curtail the country’s rising debt requirements to fund the deficit in spending.
To talk about where this leaves the country and what should be done to try to dig SA out of the ever-deeper junk status hole, Michael Avery speaks to Ann Bernstein, executive director of the Centre for Development and Enterprise.
Michael Avery talks to a panel about SA's junk status
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Covid-19 Business Watch
WATCH: Ratings wake-up call for SA
Michael Avery talks to a panel about SA’s junk status
Ratings agencies quickly sucked any of the precious-little good mood energy out of the room after the third investor conference, which wrapped up last week. It seems the ratings agencies, like the market, don’t believe that the president’s economic recovery and reconstruction plan will lift growth meaningfully enough to curtail the country’s rising debt requirements to fund the deficit in spending.
To talk about where this leaves the country and what should be done to try to dig SA out of the ever-deeper junk status hole, Michael Avery speaks to Ann Bernstein, executive director of the Centre for Development and Enterprise.
Michael Avery talks to a panel about SA's junk status
CLAIRE BISSEKER: It’s way past midnight for the SA project
LUKANYO MNYANDA: How many roads must SA walk down?
Rand steadies after ratings downgrades for SA
PETER ATTARD MONTALTO: Marching to the fiscal cliff on downgrades and vaccine lags
WATCH: How the rand reacted to the ratings downgrades
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.
Most Read
Related Articles
WATCH: What Moody’s made of the medium-term budget
Downgrades put Tito Mboweni’s goal further out of reach
ECONOMIC WEEK AHEAD: Investment, interest rates and ratings reviews in the ...
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.