We just need stability!— Isaac Matshego
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
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