Mboweni targets investment grade rating on SA debt

[BusinessTech]

Mboweni targets investment grade rating on SA debt

South Africa’s government is prioritizing regaining an investment grade rating on its debt as part of its plans to revive a stagnant economy, finance minister Tito Mboweni said.

 

[Jola]

Dream on ...

While all this cr@p is going on with Eskom, SAA, SANRAL, Denel, Transnet, etc, etc, there is no chance.

 

[Lew Skannen]

Dream on ...

While all this cr@p is going on with Eskom, SAA, SANRAL, Denel, Transnet, etc, etc, there is no chance.

I am sure they know this. This is nothing else but propaganda and electioneering. This was aimed at the masses. South Africa is on the brink of fiscal collapse.

 

[Ancalagon]

Zuma was quite happy to let it go to junk but the ANC did nothing to stop him until it suited their political goals. So yeah, thanks ANC.

 

[Lew Skannen]

Zuma was quite happy to let it go to junk but the ANC did nothing to stop him until it suited their political goals. So yeah, thanks ANC.

Very true. And, there were actually some ministers who really believed that the economy should collapse so that they can rebuild it, the way they want it. It would almost seem like this was some secret policy the ANC is hellbent on executing. It is still happening today under CR, so it seems the ANC is dead happy with this happening.

 

[Jola]

I am sure they know this. This is nothing else but propaganda and electioneering. This was aimed at the masses. South Africa is on the brink of fiscal collapse.

Not only fiscal, Judicial (EFF destroying property) and Physical (Collapse of Eskom, SAA, etc, etc) as well.

 

[Lupus]

If the economy was on life support I'd say there's a possibility, but with Eskom pulling their tricks, SAA down the toilet, the Post office basically dead and of course the current regime, you cannot revive it.
You'll have to bury it and try again.

 

[Lew Skannen]

Not only fiscal, Judicial (EFF) and Physical (Eskom) as well.

Yes, but from my own experiences, those facets, judicial, law enforcement, health, municipalities, SOE's and many others already collapsed under its own weight. Most are non-operational, and those that still hangs by a thread actually provides very little. Fiscal collapse will be the end of the road, which will see the country run into hyperinflation, mass starvation and a lot worse to come.