×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Members of President Jacob Zuma’s inner circle mocked South Africa’s descent into junk status this week, treating the potential body blow to South Africa’s economic wellbeing as a big joke.One of them, Zuma’s son Edward, said the ratings agencies “did us a favour, really”. Displaying a breathtaking ignorance of economics, Zuma’s allies cheered the downgrade, which analysts  warn could restrict the country to a low-growth path for decades.

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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