Implications of Eskom induced Moody’s downgrade : ? R100 Billion forced dumping of SA bonds as they fall out of CITI world bond index resulting in rising funding costs for SA - perhaps 100 basis points, translating to Billions extra cost for government 🇿🇦 ?
Easy for the President to say 'Don't panic'. He has a blue light brigade to clear the traffic, has uninterrupted power and doesn't need a salary. The rest of us will struggle.
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