The crack in the SA economy has, after some gallant efforts by the more sober elements of our body politic, proven impossible to seal after all. The decision by Moody’s Investors Service to cut our credit rating to speculative grade or “junk” finally brought down the guillotine to cut SA’s tenuous hold on its last investment-grade rating.

We have hit the economic iceberg.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now