SA debt will still hit 100% of GDP: Moody's

Moody's expects the debt to GDP ratio to hit 100-percent in the coming years, despite fiscal consolidation efforts, outlined by Finance Minister, Tito Mboweni this week.Moody's is one of three rating agencies that have downgraded South Africa, to sub-investment grade.

It says adjustments to budget deficits, due to better-than-expected revenue collection and growth performance,

As we wait for the highest bidder to buy this country. Hopefully our ruler will deal with corruption.

The worry is not when SA debt reaches 100% of GDP, the worry is how far the debt will go beyond 100%.

Who cares about these racists manipulated Moody's

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These thieves were fined 864 million dollars in the run up to the 2008 financial crisis. In SA, they are celebrated by quark Economists. I am sure they are shocked at the reception and respect they get in South Africa.

I can't help but laugh. We really do live in a shithole country

Who ask them? I am not sure who accept ratings from these thieves. Obama administration fined them big time. Sadly, South Africa celebrates these quarks.

Sad for the SMME's.

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