Can South Africa avoid a downgrade this year?

Financial adviser at Galileo Capital, Warren Ingram, says South Africa must take heed of concerns raised by rating agencies Moody's and S&P Global Ratings to avoid downgrade this year.

Both Moody's and S&P did not downgrade the country but said South Africa is on the watch-list.

They already said last year that we are on a negative outlook, which means we already on a sort of a watch list and they expecting things to deteriorate for us.

Warren Ingram, financial adviser at Galileo Capital

Listen to the audio below for more information on economic preview for 2017...


This article first appeared on 702 : Can South Africa avoid a downgrade this year?


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