The Science Of ...

Stability. THAT is how South Africa can avoid a downgrade in December!

We just need stability!

Isaac Matshego

(Click here for more from The Money Show.)

Ratings agency Standard & Poor's Global decided to give South Africa another chance at avoiding a downgrade to non-investment grade.

We now have six months to make good on the promises that saw us avoid so-called junk status.

Ray White interviewed Argon Asset Management Economic Strategist Dr. Thabi Leoka, Investment Solutions Chief Economist Lesiba Mothata and Nedbank Economist Isaac Matshego for the weekly "The Science Of" feature.

Leoka and Mothata discussed what we need to do from now until December in order to avoid a downgrade.

Scroll down for quotes from the audio below.

An economy can’t grow if unemployment is at 28%.

Dr. Thabi Leoka

S&P will watch us closely for political stability.

Dr. Thabi Leoka

Monetary policy is the only aspect S&P rated positively.

Dr. Thabi Leoka

Demand for our goods has slowed down.

Dr. Thabi Leoka

Government must put the country first.

Dr. Thabi Leoka

The lion’s share of state guarantees goes to Eskom.

Lesiba Mothata

Ethiopian Airways is a good example of a well-run, government owned airline.

Lesiba Mothata

There is more urgency to implement.

Lesiba Mothata

S&P dedicated 10 lines to the political situation in South Africa.

Isaac Matshego

S&P believes the tensions within the ANC is threatening the stability of South Africa.

Isaac Matshego

Domestic factors really play a big role.

Isaac Matshego

Let us keep Pravin Gordhan until we’ve stabilised this boat.

Isaac Matshego

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : Stability. THAT is how South Africa can avoid a downgrade in December!


Recommended

by THE NEWSROOM

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
400 000 tons of perfectly good glass goes into landfills each year in SA

400 000 tons of perfectly good glass goes into landfills each year in SA

The Money Show’s Bruce Whitfield interviews The Glass Recycling Company CEO Shabeer Jhetam.

'Boreholes have no major impact on groundwater resources'

'Boreholes have no major impact on groundwater resources'

The Money Show’s Bruce Whitfield interviews South African National Bottled Water Association Chairperson John Weaver.

Increasingly anxious Capetonians break the bank to buy water-related stuff

Increasingly anxious Capetonians break the bank to buy water-related stuff

The Money Show’s Bruce Whitfield interviews Price Check CEO Kevin Tucker about bone-dry Cape Town’s booming water economy.

Meet Martin Cassidy of Truco, one of South Africa's oldest family businesses

Meet Martin Cassidy of Truco, one of South Africa's oldest family businesses

Samsung, Walmart and SA’s Truco are examples of successful family businesses. Bruce Whitfield interviews Truco’s Martin Cassidy.

'If Bitcoin goes to pot, we’ll blame the HODLers'

'If Bitcoin goes to pot, we’ll blame the HODLers'

This and other insights on fintech from Rand Merchant Investments Senior Investment Executive Dominique Collett.

No land, or farming skills? Got R8000? Here’s how to own cattle…

No land, or farming skills? Got R8000? Here’s how to own cattle…

The Money Show’s Bruce Whitfield interviews Ntuthuko Shezi, founder of a company that raises cattle on small investors' behalf.

Popular articles
NICD: Listeriosis cases rapidly rising in SA, death toll at 172

NICD: Listeriosis cases rapidly rising in SA, death toll at 172

National Institute for Communicable Diseases says all cases traced back to the same bacterial strain and source needs to be found.

'Foreshore development plan will exacerbate spacial and social divide'

'Foreshore development plan will exacerbate spacial and social divide'

UCT planning expert raises concerns over bidder's proposed plans for Foreshore development.

UK issues terror warning against SA after Brit couple abducted in KZN

UK issues terror warning against SA after Brit couple abducted in KZN

The British gov issued a travel advisory‚ warning of possible attacks when traveling to SA, after a UK couple was kidnapped.

Saps: Attackers spared 5 female cops in Ngcobo police shooting

Saps: Attackers spared 5 female cops in Ngcobo police shooting

E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.

How to make your first million

How to make your first million

Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.