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Question of the Day: Are you keeping your Prime subscription?
SA falls deeper into junk status
- Thread starter Bradley Prior
- Start date
Vorastra
Honorary Master
Aren't sovereign credit ratings relative, and proportional, between countries..?
NarrowBandFtw
Honorary Master
that's a boxing sport rule, personally I've never seen a boxing match where one opponent keeps hitting himself in the face despite the other one repeatedly telling him he'll lose that way ... and then when he finally knocks himself to his knees he moans about the guy warning him it would happenThat is so typical of trolls, always obfuscating and intentionally missing the point. "We stole and mismanaged all the tax revenue and now you're being mean to us by treating us like some type of credit risk. We have been busy shifting the spotlight on to the 'racist' whites in an irrelevant Cape Town suburb because they arranged an irrelevant private dance. How did that fail to improve our international credit rating?"
It is so Mugabe to imply that credit rating agencies are uncivilised. Like that will help their corrupt cause. First attack the World Bank and now international credit rating agencies.
Actually this is getting quite interesting. They must be extremely desperate. Mugabe only resorted to his most outrageous and insane rants once he realised that all paths led to check-mate. They must be beginning to realise they have screwed themselves.
Jet-Fighter7700
Honorary Master
so are we going down the route of Zim and mugarbage?
I shudder to think honestly, such a beautiful Country, ruined.
oh well, nice while it lasted, got my second passport, not the best one, but better than nothing.
R13...
Honorary Master
Have a loot at the debt graph at the link below. Zuma propped himself up by making salaries, benefits, etc a free for all. As long as kept the unions happy he knew they'd shut up about his corruption.
South Africa Government Debt
Government Debt in South Africa increased to 98233 USD Million in the fourth quarter of 2025 from 93981 USD Million in the third quarter of 2025. This page provides - South Africa Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.
tradingeconomics.com
Zophos
Expert Member
Agreed. I also suspect that this is the reason for keeping SAA afloat.
That is part of their quick exit plan. They used it to smuggle billions out of SA, and in the end, will use it to smuggle themselves out....
/tinfoil hat off
Absolutely we are - in many details. A heard a Zim Prof today describing ZANU PF as "native colonialists". How apt for SA's ANC regime even though I don't swallow the whole tale (ask Helen Zille).
CAPS LOCK
Executive Member
Perfect summary. Well said.
Have a loot at the debt graph at the link below. Zuma propped himself up by making salaries, benefits, etc a free for all. As long as kept the unions happy he knew they'd shut up about his corruption.
South Africa Government Debt
Government Debt in South Africa increased to 98233 USD Million in the fourth quarter of 2025 from 93981 USD Million in the third quarter of 2025. This page provides - South Africa Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.
The debt certainly sky-rocketed but the culture of wholesale dishonesty and corruption already existed to facilitate his presidency. That is also why the anc were so content to be complicit in keeping him there. And the reason why his accomplices remain in government to this day. Zuma was not some anomaly in the anc.
R13...
Honorary Master
But Zuma industrialised corruption and looting. He destroyed any capacity the state possessed and left all doors open for anyone who wished to help themselves. Zuma succeeded Mbeki and he made people fear to be corrupt because of the scorpions. The ANC helped pave the way for Zuma's looting when they scrapped the scorpions .
yes the disease did not, what we did due to the disease, did. Without COVID-19 the travel industry for example wouldn't have tanked into oblivion.
We would still have been downgraded again this month.
Mila
Honorary Master
Key word civilized...
So there goes that argument.
if you want to do that we don’t punish most criminals because they are on their knees.
NarrowBandFtw
Honorary Master
too true, Zuma is the epitome of the ANC
TelkomUseless
Honorary Master
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Tito old chap... are you really that stupid?
You would think that would be a parody account but it is actually our government "at work"
Vrotappel
Bulls fan
Banning alcohol and cigarettes, funny silly regulations, etc.