The Midday Report Live Blog

Will they, or won’t they downgrade us? We’re hours away from knowing…

Some of the risk of a downgrade is already priced in by the markets.

Kevin Lings, Stanlib Chief Economist

S&P will wait for markets to close on Friday, then it will hit us with its verdict.

The Midday Report’s Stephen Grootes interviewed Stanlib Chief Economist Kevin Lings.

Scroll down for quotes from the audio below.

They’re looking at the risk of us not being able to pay our debt.

Kevin Lings, Stanlib Chief Economist

The Brazilian authorities didn’t respond and the ratings agencies rerated them to 'junk'.

Kevin Lings, Stanlib Chief Economist

South Africa hasn’t deteriorated as much as Brazil.

Kevin Lings, Stanlib Chief Economist

The Budget in February was focussed on controlling government expenditure.

Kevin Lings, Stanlib Chief Economist

South Africa cannot be economically successful without foreign investment. It’s just not possible!

Kevin Lings, Stanlib Chief Economist

This article first appeared on 702 : Will they, or won’t they downgrade us? We’re hours away from knowing…


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
Poo thrower-in-chief sold himself to the highest bidder - ANC

Poo thrower-in-chief sold himself to the highest bidder - ANC

Cape Town ANC's Xolani Sotashe questions appointment by City of Cape Town of Loyiso Nkohla, once the City's biggest adversary.

New medical aid registrar vows to integrate private and public health care

New medical aid registrar vows to integrate private and public health care

Dr Humphrey Zokufa appointed Register of the Council for Medical Schemes by Minister of Health says no conflict of interest.

Classes suspended at Wits as protests continues #Fees2017

Classes suspended at Wits as protests continues #Fees2017

Wits University beefs up security and a meeting is held to find a way forward.

No decision on who to back for President - Cosatu

No decision on who to back for President - Cosatu

Cosatu says decision on who to back as next President has to be a unified one and not a decision that will divide the federation.

How long does it typically take to recover after a downgrade to ‘junk’?

How long does it typically take to recover after a downgrade to ‘junk’?

An economist looks at 15 countries that experienced a downgrade, but were again able to recover their investment-grade rating.

How to invest should SA get downgraded (and how to invest if we don’t)

How to invest should SA get downgraded (and how to invest if we don’t)

There’s money to be made, whether S&P downgrades our credit rating or not. However, different scenarios need different strategies.

Popular articles
Ever wanted a 13-month year? Well, the Ethiopians have one

Ever wanted a 13-month year? Well, the Ethiopians have one

Ethiopia is one of the few countries using a calendar different from the conventional calendar most countries are accustomed to.

'Basetsana Kumalo explained to me that this was the worst week of her life'

'Basetsana Kumalo explained to me that this was the worst week of her life'

Social Media Law Expert, Emma Sadleir, says the Randburg court has issued a protection order for the Kumalo's.

'Cyril Ramaphosa is the weakest president of the ANC since 1994' - analyst

'Cyril Ramaphosa is the weakest president of the ANC since 1994' - analyst

Political analyst Prince Mashele talks about the ANC NEC meeting contradicting messages stemming from this.

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

The Money Show’s Bruce Whitfield interviews the famed and fearless journalist about his money history, hopes and beliefs.

Malema under fire after 'Indians are racist' comment

Malema under fire after 'Indians are racist' comment

SA Institute of Race Relations media head Micheal Morris says politicians must be cautious of such divisive statements they make.

[WATCH] Eusebius Mckaiser: I call BS on Malema's racism targeting Indians

[WATCH] Eusebius Mckaiser: I call BS on Malema's racism targeting Indians

Show host Eusebius McKaiser says EFF's leader Julius Malema's comments on Indians are grossly unacceptable and irresponsible.

Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Stage 1 load s​hedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.

Man who dumped body of family dog in street demoted at top JHB law firm

Man who dumped body of family dog in street demoted at top JHB law firm

Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.

Athletes to run 375km in solidarity against human trafficking

Athletes to run 375km in solidarity against human trafficking

The run takes place from 5 - 8 December along the N1 from Rawsonville to Beaufort West - a hunting ground for child traffickers.