South Africa currently has debt of about R1.8 trillion
After Fitch Ratings downgraded the country’s debt ratings to junk status last Friday, the Global financial service company J.P. Morgan, announced that South Africa will be excluded from its investment -grade emerging market bond indexes in late April.
This announcement was made hours after South Africa was downgraded to junk status for the second time in a week.
Standard & Poor’s another Ratings agency downgraded the country to junk status before this. Moody’s is also reviewing the country’s credit status. This will shake investor confidence even more.
Joining us in studio is Dr Azar Jammine, chief economist at Econometrix.
For more news, visit: http://www.sabc.co.za/news
Soon to be starving, that’s what you get with idiots running the show
I think we should move forward and pray, we have to stop pointing the finger and work together as a united country we battled Apartheid so we can fight this .
SA HAVE NO DEBT. THESE EUROPEANS HAVE NO MONEY TO BEGIN WITH. THEY STEAL SA MONEY VIA SA RESERVE BANK WHICH THEY CONTROLS AND THEIR FIAT RAND TO NY AND LONDON THEN TURN AROUNDS TO COME AS INVESTORS TO LEND BACK TO SA AT HIGH INTERRST. .THESE THEY LEND TO HOUSING BANKS AUTO LOAN BANKS AND EVEN SA GOVT. TO STOP THESE SA NEEDS TO NATIONALIZE ITS CENTRAL BANK. BANK USD AND FIAT RAND AS WEL AS ITS GOLD MINRS AND LANDS. BAN GOLD EXPORTS. USE ITS GOLD AS MONEY. JAIL AS THESE WHITE ROBBERS ALL OF THESE RORTHSCHILDS THIRVES. GETTING ANY KHSZARS IMF WB OUT OF THE COUNTRY.
USE GOLD TO TRADE ONLY WITH THE BRICS COUNTRIES.
THAT NEW PRES MUST DO
NOT FORGETTINH RE WRITING A NEW CONSTITUTION.
Thank you ANC
tough times ahead
we need less expenditure nd more investments Gigaba need to convene with mbaluka on plans to fight crime rather Dan bragging about how they Luv Zuma
When will South Africa convict the shell companies for their part in all of this!
Tony Blair and Amber Rudd need to answer some questions
Gigaba is rotten to the bone
How has the anti-appartheid worked out for ya?
what are this debt for, thus our people are poor,they can’t even buy bread how will SA pay such,it means our fourth generation are far from this burden?
Usd. and euros are fiat papers and are beeing dunped every where soo S africa must ban these fiats papers
so this was a yr. ago, what’s the situation now
the majority believes that everything hard to comprehend must be very profound. this is incorrect.
what is hard to understand is what is immature unclear and often false. the highest wisdom is simple and passes through the brain directly into the heart.
South Africa isnt even a legitimate country! Its was born out of lies, the shedding of African blood and theft! But such is the history of the white man everywhere he goes!
Africa for Africans! Africans First!