S&P worries about SA’s spending habit

20 October 2020 - 05:10The government faces the tough task of balancing its economic recovery efforts with its plans to control spending in its upcoming medium-term budget policy statement , ratings agency S&P Global Ratings’ primary credit analyst for SA says.

"It seems to be more of a spending plan than a reform plan," S&P’s Ravi Bhatia told Business Day on Monday when reacting to the economic reconstruction and recovery plan announced by President Cyril Ramaphosa last week.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

This is because SA feels that it can spend it's way out of the problem which in this instance is not the case.

Like most of us for the past 20 years. How long will it take them to start worrying about the stealing and middleman tender habit?

What took so long?!

S&P is pushing for privatization agenda to transfer wealth to apartheid beneficiaries

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