No need to fear downgrade yet - economist

Economist Thabi Leoka says investors are still quite skeptical about newly appointed Minister Malusi Gigaba who will have to now prove he can do the job.

There have been questions around the kind of impact the axing of former finance minister Pravin Gordhan will have on South Africa's credit ratings.

Leoka says we should not be worried as yet.

It depends on the communication between the ministry itself and the ratings agencies and they need to be comfortable with what the minister is telling them about how he is going to continue going forward.

Thabi Leoka, Economist

If they feel that politics is interfering with the adoption and implementation of economic policy and fiscal policy then they will downgrade us, but if there is no change in policy then we are safe.

Thabi Leoka, Economist

Click on the link below to listen to the full audio:


This article first appeared on 702 : No need to fear downgrade yet - economist


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Amnesty International accuses EU of being complicit in abuse of Libyan migrants

Amnesty International accuses EU of being complicit in abuse of Libyan migrants

It has evidence that EU countries are providing support to Libyan coast guards actively complicit in sale and abuse of refugees.

Zimbabwe’s 2018 budget set to lure foreign investors

Zimbabwe’s 2018 budget set to lure foreign investors

Economist Alisa Strobel says the primary focus of the budget is to reduce high-risk perceptions among potential investors.

Gordhan: Ratings agencies could take a dim view on SA

Gordhan: Ratings agencies could take a dim view on SA

Gordhan spoke to Bruce Whitfield on Friday, saying there is a lot of work to be done to inspire confidence in foreign investors.

WATCH: Axed Finance Minister briefs media post Cabinet reshuffle

WATCH: Axed Finance Minister briefs media post Cabinet reshuffle

President Jacob Zuma has fired Pravin Gordhan

Rand plummets on back of massive Cabinet reshuffle

Rand plummets on back of massive Cabinet reshuffle

Markets are punishing Jacob Zuma's move and the appointment of a Finance Minsiter with "zero knowledge of how Treasury works".

'Gigaba and his deputy have zero knowledge of how Treasury works'

'Gigaba and his deputy have zero knowledge of how Treasury works'

Economist, Dr Iraj Abedian, says the changes are the biggest since 1996.

Popular articles
[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

Head of the Centre for Enteric Diseases at the NICD Dr Thomas says that Listeriosis is problematic because it isn’t notifiable.

Publisher saves South African students billions with free textbooks

Publisher saves South African students billions with free textbooks

This year we're going to hit a million downloads of free textbooks in SA - James van der Westhuizen, country manager for Bookboon.

Steinhoff money woes and why you should care

Steinhoff money woes and why you should care

The company lost around R100 billion leaving the JSE reeling in one of the biggest private sector business scandals.

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Your money, and Steinhoff… Bruce Whitfield interviews Certified Financial Planner Peter Calitz.

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

The Money Show’s Bruce Whitfield interviews Sygnia Group CEO Magda Wierzycka.

Zille: 40 000 affordable housing units in the pipeline for WC

Zille: 40 000 affordable housing units in the pipeline for WC

Western Cape Premier Helen Zille says the government plays a crucial role in the provision of affordable housing in the province.

How businessman Max Lichaba struck gold with his jewellery company

How businessman Max Lichaba struck gold with his jewellery company

Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.