S&P downgrades SA's outlook

[rvZA]

S&P Global unexpectedly downgraded South Africa's credit rating outlook to stable from positive on Wednesday evening.


In an unscheduled announcement, the US credit rating agency cautioned that South Africa's economic growth is facing increasing pressure from severe electricity shortages.

JUST IN | S&P downgrades SA's outlook | Business

S&P Global unexpectedly downgraded South Africa's credit rating outlook to stable from positive on Wednesday evening.

www.news24.com

 

[TelkomUseless]

Not even remotely surprised. For the last 30 years we have been warned and downgraded. But the Cyril goes on tour to get investors here in SA. The irony ....

Another ANC success story...

 

[Quicks]

What downgraded to "stable" we are so far from a stable economy. I have to wonder why what is the reason these guys are so lenient on SA.

 

[B-1]

What downgraded to "stable" we are so far from a stable economy. I have to wonder why what is the reason these guys are so lenient on SA.

A stable outlook just means our rating is unlikely to change any time soon. Our rating is still speculative aka junk.

 

[Sideshow Bob]

What downgraded to "stable" we are so far from a stable economy. I have to wonder why what is the reason these guys are so lenient on SA.

ANC cadres are everywhere. Explains the leniency.

 

[Jet-Fighter7700]

Another ANC success story...

but people still vote for them every 4 years, so they must be doing something right /s

 

[rvZA]

This downgrade is just in preparation for the next downwards level deeper into junk territory.

 

[Jet-Fighter7700]

This downgrade is just in preparation for the next downwards level deeper into junk territory.

0-0 is still Zero, so how low can you go? Haiti? C.A.R.? South Sudan?

 

[backstreetboy]

This downgrade is just in preparation for the next downwards level deeper into junk territory.

Lol you should stock up on moar baked beans chicken little.

 

[Acid0]

What there is more levels to go to for us, or is this now a side quest

 

[Mekon]

but people still vote for them every 4 years, so they must be doing something right /s

Free T shirts is all it takes every 4 years.

 

[Jam Sandwich]

Free T shirts is all it takes every 4 years.

And a taxi two pack....although the economy is tightening so it may only be a T shirt and a lonely drum stick next year...

 

[vigras rojara]

Free T shirts is all it takes every 4 years.

If only the DA could wake up to this cunning strategy and give them an extra T shirt or something.