LUKANYO MNYANDA: How many roads must SA walk down?
After the latest ratings downgrade, will it take the Venezuela option before we do things differently?
22 November 2020 - 20:48
How many wake-up calls does one need until the penny finally drops? That might be the question asked of SA as it reaches for the unwanted depths of the credit ratings universe.
Painful was how finance minister Tito Mboweni described the developments at the weekend, when Fitch Ratings and Moody’s Investors Service pushed SA’s rating further into junk. The latter, long accused of showing the country undue patience even as the fiscal picture deteriorated in recent years, has now downgraded the country twice this year...
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.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.