A few weeks back we were pencilling in an interest rate cut… the rand was strong… the way things are right now the best scenario is unchanged interest rates… I think there’s a risk of higher interest rates…— Tendani Mantshimuli, Liberty SA Retail
Standard & Poor’s has downgraded South Africa's sovereign credit rating to “junk” on the back of “political and institutional uncertainty” after President Jacob Zuma’s Cabinet reshuffle.
Anxious The Money Show listeners are asking about the effect of the ratings downgrade their finances.
Arabile Gumede (in for Bruce Whitfield) interviewed Liberty SA Retail Consumer Economist Tendani Mantshimuli.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
We’ve had as much as we can take.— Tendani Mantshimuli, Liberty SA Retail
We have been warned. I don’t think S&P deviated from what they said. This was a long time coming.— Tendani Mantshimuli, Liberty SA Retail
How do you fund radical economic transformation with our growth rate?— Tendani Mantshimuli, Liberty SA Retail
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital.
What music can do for the soul, podcasts can do for the mind.
Bruce Whitfield sat down with GT Ferreira, Laurie Dippenaar and Paul Harris, the inspirational founders of Rand Merchant Bank.
It's interesting to see which The Money Show articles were most widely read in 2018; a very tough year for the economy.
Arabile Gumede interviews KPMG Senior Economist Christie Viljoen.
The rating agency says the decision was taken on the back of political and institutional uncertainty.
Western Cape Hawks spokesperson says those who paid the bribes will also be arrested.
Many women say they are forced to buy bras from overseas and import them to SA at great expense.
Vans' brand manager says although this is a recurring problem its main concern is that this particular "fake" is a very close copy.
The Slangkop Tented Camp in Kommetjie was hit by thieves the weekend. Here's advice on how to keep safe in the area.
Eskom has warned that more power cuts can be expected as maintenance continues over the next twelve months.
According to the SPCA, he will be charged with contravention of the Animal Protection Act.