All eyes on South Africa ahead of Moody's and S&P credit rating review

All eyes are on South Africa ahead of the much-anticipated decision on a credit rating from international rating agencies Moody's and Standard & Poor's.

The economy has been marred by stagnant growth exacerbated by growing unemployment, an increasing public service wage bill and other factors.

702's Stephen Grootes spoke to chief economist at Econometrix, Dr Azar Jammine, about what lies ahead for the economy.

Currently, South Africa is two notches ahead of reaching sub-investment status (popularly known as junk status).

It is on a knife-edge and my backing is more in favour that Moody's will downgrade us.

Dr Azar Jammine, Chief Economist at Econometrix

He emphasised the importance of good governence in state-owned enterprises and managing the fiscus as those would be factors that would contribute towards a review.

Even if they [Moody's] do downgrade us, we'll still be regarded as investment grade. But it would still carry an important message.

Dr Azar Jammine, Chief Economist at Econometrix
Read More
Major medical breakthrough: New gene pegged as cause of heart attacks in youth

Major medical breakthrough: New gene pegged as cause of heart attacks in youth

This is being called the biggest medical advancement in South African cardiology since Dr Chris Barnard's first heart transplant.

Parents urged to check tertiary institutions are legit before registering kids

Parents urged to check tertiary institutions are legit before registering kids

The Council on Higher Education says parents need to be wary of the increasing number of fly-by-night tertiary institutions.

SA business not backing down on its support for Gordhan

SA business not backing down on its support for Gordhan

MD of Goldman Sachs says the signing of the pledge shows unity and sends a strong message in support of economic institutions.

Not signing Fica Bill will jeopardise SA's credit rating

Not signing Fica Bill will jeopardise SA's credit rating

Casac recently called on President Jacob Zuma to urgently sign Fica into law or return it to the National Assembly.

Moody’s assures SA it won’t downgrade (if economic growth holds up)

Moody’s assures SA it won’t downgrade (if economic growth holds up)

The Money Show’s Bruce Whitfield interviews two senior economists who read between the lines.

It's D-Day for South Africa's possible credit rating downgrade

It's D-Day for South Africa's possible credit rating downgrade

All eyes are on the markets in SA as S & P is expected to make a decision on whether to downgrade the country's credit rating.

Popular articles
Judge asks media to report responsibly after van Breda's lawyer scolds paper

Judge asks media to report responsibly after van Breda's lawyer scolds paper

The judge presiding over Henri van Breda's murder trial has urged the media to report carefully in the highly sensitive case.

Striking SAA cabin crew demand to speak with Dudu Myeni

Striking SAA cabin crew demand to speak with Dudu Myeni

According to Deputy president of the SA cabin crew Association, all SAA flights will be affected by the strike.

"I never apologised" Gwede Mantashe

"I never apologised" Gwede Mantashe

ANC sec gen dismisses Zuma's claims in court papers that Mantashe and Ramaphosa apologised to him as factional divide deepens.

Warder recalls "prison hell" as he retires after four decades at Pollsmoor

Warder recalls "prison hell" as he retires after four decades at Pollsmoor

Chris Malgas speaks about his experiences as a prison warder at the notorious Pollsmoor prison for four decades.

Sea Point's Mojo Market opens for business on Thursday

Sea Point's Mojo Market opens for business on Thursday

A new lifestyle market is set to open in Sea Point, offering a variety of food, art, fashion and entertainment seven days a week.

Judge Desai visits van Breda home on day 2 of triple murder trial

Judge Desai visits van Breda home on day 2 of triple murder trial

During the van Breda home visit State prosecutor Susan Galloway described to the judge where the murder weapon was found.

Caller berates black staff, says employers not obliged to provide transport

Caller berates black staff, says employers not obliged to provide transport

The caller from Bedfordview responds to complaints around the lack of late night transport provisions for Virgin Active workers.