Moody’s assured South Africa on Tuesday that the probability of it downgrading the country’s credit rating is about 33%.
However, it warns that a downgrade is very likely should growth fall below the estimated 0.2% for the year.
The Money Show’s Bruce Whitfield interviewed Investec Asset Management Economist Nazmeera Moola and Macquarie Senior Economist Elna Moolman.
Scroll down for quotes from the audio below.
They’re looking at us relative to other emerging markets.— Nazmeera Moola, Investec Asset Management
Growth is the single biggest worry for ratings agencies.— Nazmeera Moola, Investec Asset Management
They have given us credit for easing our electricity constraints.— Elna Moolman, Macquarie
I think the Reserve Bank won’t do anything [at its next Monetary Policy Committee meeting].— Elna Moolman, Macquarie
Many people are uttering these nine words around this time of year. Come January they’ll be sorry, but it’ll be too late.
Why is Eskom, seemingly, sabotaging the world’s fastest-growing green energy programme?
Walker Scott Art Advisory’s Dr Fred Scott gives advice on building a high growth African art portfolio.
The Money Show’s Bruce Whitfield interviewed Rakesh Wahi (CNBC Africa and Forbes Africa) for his weekly business book review.
What does 702’s former Breakfast Show host John Berks believe, hope for and fear about money? Does he have, and want, lots of it?
The Money Show’s Bruce Whitfield interviews Financial Advisor Warren Ingram about how to profit, if you expect the worst.