RAYMOND PARSONS: The sword of Moody’s could yet cut into SA’s future
SA took a major decision affecting its economy this week: a drastic 21-day lockdown from Friday to deal with Covid-19. The next important event immediately affecting SA’s economic future will be Moody’s Investors Service’s scheduled decision on SA’s investment rating, due later on Friday.
Some may think whatever Moody’s decides is now peripheral to the main economic challenges faced by SA, but the outcome cannot be completely detached from the unfolding wider scheme of things. SA must hope to minimise bad news wherever possible...
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.