Standard & Poor’s, the rating company, warned that South Africa’s credit rating could be downgraded again if political uncertainty prevents economic growth in the country.
In the interim, economist Dawie Roodt pointed out that economies do not grow due to investments in the country. Growth takes place through production and production.
S & P warned Zuma that its termination of Pravin Gordhan has weakened potential growth in the country.
TAU SA has previously pointed out that the country should rather get garbage status instead of the resounding junk status. With S & P’s warning, there might well be a “sewage” status.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News