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
How to prepare your children for when they move out of the house

How to prepare your children for when they move out of the house

Dr Gillian Moody says it's not good to pamper your children today and say you are on your own tomorrow, it's a gradual process.

Imhoff Caravan Park says CoGH SPCA has caused harm with wrongful allegations

Imhoff Caravan Park says CoGH SPCA has caused harm with wrongful allegations

The Cape of Good Hope SPCA says their mandate is to put animals first and will continue with their investigations.

Makhosi Khoza 'taken aback' by Mkhwebane's Absa findings

Makhosi Khoza 'taken aback' by Mkhwebane's Absa findings

Stephen Grootes asks Khoza why Busisiwe Mkhwebane was deemed the perfect fit for Public Protector and her views on recent events.

5 facts about the new SA number plates being implemented this year

5 facts about the new SA number plates being implemented this year

No official date has been set for the roll out of SA's new number plate legislation, but here's what you need to know so long.

In case you hadn't noticed, Cape Town feels freezing cold (and here's why)

In case you hadn't noticed, Cape Town feels freezing cold (and here's why)

Capetonians are pulling out hot water bottles and mittens as a cold front is predicted to make landfall on Thursday morning.

CAPS is killing teachers passion - caller

CAPS is killing teachers passion - caller

CapeTalk caller says Curriculum Assessment Policy Statements (CAPS) is not good for South Africa's education system.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.