Moody's said it expects the government to move forward with policies that tackle SA's credit challenges
Moody's analyst says SA's credit rating remains at risk without effective policies to reverse low growth, steadily rising debt and leveraged state-owned enterprises
Just a week after the ANC's victory in the election, credit rating agency Moody's Investors Service said it expects the government to move forward with policies that tackle SA's credit challenges.
"We expect that the government will continue to pursue greater control of corruption or 'state capture' and reform policy, which will support a gradual recovery in growth," she said, adding that reform measures include easing visa regulations and reducing barriers to entry for companies through the enforceability phase of the Competition Amendment Act.
"Fading prospects of policies that will sustain fiscal and economic strength, alongside any signs of diminishing resilience to shocks, would put downward pressure on the country's rating," Villa said.
Moody's is the only major ratings agency that has not downgraded SA’s sovereign debt to subinvestment level. SA’s debt is rated at Baa3 by the agency, one notch above junk status, with a stable outlook.Read more: Business Day
SA unemployment rate rises to 27.6% in first quarter of 2019 – Stats SA The number of employed people decreased by 237,000 to 16.3 million in the first quarter. What an total shitshow 🤣 Now we know why StatsSA held these results over until after voting had ended. What a total shitshow 🙄 Now we know why StatsSA held these results over until after voting had ended. The number that frightens me most is the 55.2% of 15-24 year olds who are unemployed of whom over half are generally unemployable.
IEC to brief SA on 2019 election results While the ANC won the 6th general elections with a comfortable majority, this was the party’s worst performance since the first free election in 1994.
IEC declares 2019 SA elections free and fair Chief electoral officer Sy Mamabolo officially announced the results at the operations centre in Tshwane on Saturday evening. I’m sure they would True noting else 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Fitch: Economic policy shift unlikely in SA The rating house says the drop in ANC support implies a lack of popular enthusiasm for the economic agenda of Cyril Ramaphosa. They shouldn't till we see really action from ANC and Ramaphosa ..I dont trust a word coming out of Ramaphosa's mouth
SA has met its obligation to democratic elections - Goodluck Jonathan In a preliminary report on the 2019 election, former Nigeria president and head of the Electoral Institute for Sustainable Democracy in Africa (EISA) Goodluck Jonathan says SA has done well in its sixth democratic election. 😂😂😂😂😂😂😂😂😂😂😂 Go and tell Nigerians in hilbrow Where’s his hat
LIVE: IEC says counting will be done by midnight, SA will know election results ‘soonest’ Follow the action of today's big polls to decide who governs the country and each of its nine provinces for the next five years. United South African Coalition USAC Inc. Declares the elections in South Africa invalid due to massive voter fraud on many levels. USAC demands the South African IEC declare the elections a failure. USAC demands there be new elections in December 2019 with international observer
LIVE | Elections 2019: SA waits for final results as all eyes on Gauteng Stay in the know: All the news, opinion and analysis around the 2019 general elections
Counting still not done: SA awaits the results of 40 Gauteng districts With 97.6% of the votes counted by 10pm on Friday, the Electoral Commission expected to complete vote counting by midnight. However, on Saturday morning at 7.30am, only 99.8 %of the votes had been captured.
17 behind-the-scenes secrets of 'The Bachelor SA' finale Here is what happened behind-the-scenes during the recording of the highly-emotional 'Bachelor SA' finale. MNet Lee_Thompson_ JasonMGreer Wow, so Lee go get Jozaan ASAP
WATCH: Trevor Noah jokes about Malema and ‘white genocide’ on Daily Show, divides SA The Daily Show host has been accused of being careless with his commentary but others say he’s reflecting facts.
SA celebs' kids dish about their famous moms In honour of Mother's Day, we asked Kelly Khumalo and Mome Mahlangu's children to tell us more about their A-list moms.