South Africa’s sovereign credit rating has been downgraded to subinvestment grade, or junk status, by Moody’s – the last ratings agency to do so.
Moody’s cited in a statement the deterioration in SA’s fiscal strength and “structurally very weak growth” as reasons for lowering the rating to Ba1 from Baa3. The outlook remains negative, News24 reported.
Milestones on the road to ruin.
Your NEW DAWN😂😂😂😂😂😂😂😂😂
We warned u about these ppl, u ddnt listen. Its all about them pls leave us alone👇👇👇👇
Another accolade the ANC can add to their CV of Failures over 26 years ! They now have literally FCUK’d everything they have touched !
Now we can do what can economically liberate SA and stop trying to impress them🤷🏾♀️.
We were already on recession
Yeah!!! Too hell with your ratings. I'm too drunk now for that shit😂😂😂
Let them downgrade us. They can go to hell with their biased judgements. THESE AGENCIES ARE CORRUPT!! . SOUTH AFRICA AND ITS PEOPLE WILL SURVIVE!! ALUTA✊🏿✊🏿
We will come out of this victoriously as well as well.We got resources to keep us going but we need efficiency and to clean out corruption CyrilRamaphosa Julius_S_Malema
It was inevitable, bcos the rand weakened/fell about 2 weeks ago to $17-$18..due to the economic mess of over the past decade. The voodoo economics of 'picking up the rand when it falls' & the perpetual SOEs' bailouts with tax money doesn't not help. That's ANC good story to tell
Take your ratings and fokof from here.
That's what happens when a country is governed by clueless individuals & trade unions..SA is in real trouble economically thanks to ANC mismanagement & corruption..now let's wait for stupid & ignorant comments..
Moodyz still need to account for the past mess
Long overdue, saw it coming🙆♀️
We are led. Properly led to the junkyard.
Saddest moment in sa
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