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
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.

New app to detect hearing loss

New app to detect hearing loss

University of Pretoria has developed a new app which uses a smartphone to detect hearing loss.

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
Govt explains why it’s not considering dredging of dams to increase storage

Govt explains why it’s not considering dredging of dams to increase storage

Is it viable to dredge the Cape’s dams – while levels are low – to increase their storage capacity?

Eek! Cape Town Mayor Patricia de Lille goes door-to-door to scold water-wasters

Eek! Cape Town Mayor Patricia de Lille goes door-to-door to scold water-wasters

Water wasters, beware! The Cape Town Mayor has had enough of you. And she’ll tell you in your face…

How forgiving your parents helps you heal from a painful childhood

How forgiving your parents helps you heal from a painful childhood

Have you held onto childhood pain? Are you harboring deep-seeded resentment towards your parents? You need this expert advice.

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.