5 things ratings agency Moody’s will look at on its visit to South Africa

Officials from Moody's arrived in South Africa today to investigate whether to downgrade the country’s credit rating.

The Money Show’s Bruce Whitfield interviewed Stanlib Asset Management Chief Economist Kevin Lings.

Lings spoke about five things the ratings agency will scrutinize during its visit.

Scroll down for quotes from the audio below.

The growth rate is a worry for all the ratings agencies, as is the deterioration of our institutional capacity.

Kevin Lings

Most ratings agencies will rate our monetary policy very highly.

Kevin Lings

It’s a broad range of factors that they consider. Some of these areas we do quite well on.

Kevin Lings

Ratings agencies have become more cautious following the global financial crisis.

Kevin Lings

There are 25 to 30 countries in a similar situation as South Africa where they’re facing a downgrade.

Kevin Lings

The revelations of the appointment of government ministers alone is likely to see Moody’s downgrading us.

Kevin Lings

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : 5 things ratings agency Moody’s will look at on its visit to South Africa


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Donald Trump and Vladimir Putin – a bromance that'll define your kids' future

Donald Trump and Vladimir Putin – a bromance that'll define your kids' future

The Money Show’s Bruce Whitfield interviews Wits University Professor of International Relations John Stremlau.

Pratley CEO tempts fate, recreates suspended bulldozer stunt on Friday the 13th

Pratley CEO tempts fate, recreates suspended bulldozer stunt on Friday the 13th

"I will still gladly bet my life on the quality of our product," says Pratley Group CEO Kim Pratley.

Beira (Mozambique)… where beer is cheaper than tea (despite ever-present China)

Beira (Mozambique)… where beer is cheaper than tea (despite ever-present China)

The Money Show’s Bruce Whitfield interviews distinguished Africa correspondent Lee Kasumba, who is in Mozambique’s central city.

Goldman Sachs MD on how Pravin Gordhan’s fight against a downgrade is going

Goldman Sachs MD on how Pravin Gordhan’s fight against a downgrade is going

Goldman Sachs MD Colin Coleman was in London with Finance Minister Pravin Gordhan. He gives feedback...

Africa’s largest mall… ratings downgrade… émigrés returning… rand improves...

Africa’s largest mall… ratings downgrade… émigrés returning… rand improves...

7 most read, most talked about "The Money Show" articles of the past week.

How Pravin Gordhan’s fight to stave off a ratings downgrade is going

How Pravin Gordhan’s fight to stave off a ratings downgrade is going

London-based Peter Attard Montalto, Emerging Markets Economist at Nomura, discusses how Pravin Gordhan’s delegation is doing.

Popular articles
Vila Kasi TV station leaves employees out in the cold with no pay

Vila Kasi TV station leaves employees out in the cold with no pay

Employees of the start-up media house are angered for not receiving salaries as promised at the end of June.

Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nene asked unions representing Eskom workers to provide ideas to fund wage increases after negotiations with Eskom deadlocked.

How Steinhoff shares doubled in just five days

How Steinhoff shares doubled in just five days

Founder of Herenya Capital Advisors, Petri Redelinghuys, explains how the embattled Steinhoff managed to double its share price in 5 days

Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

SA-made Rolkem cake decoration products may not be safe to eat

SA-made Rolkem cake decoration products may not be safe to eat

The UK’s Food Standards Agency issued an advisory, claiming that Rolkem failed to confirm that their ingredients were safe to eat.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.