Ramaphosa last week unveiled a large economic-support package totaling about R500 billion, which is about 10 percent of GDP. However, S&P said some of that can be financed by the IMF and other development lenders.
Ratings agencies should be banned until the virus is under control...or maybe they should be sneezed on!?
Since 94 ,stealing has been a no:1 certified entry into the new S.A. for years on end,
What about the rest of the world theve also been impacted by covid just as much as Us if not worse. Are they also been downgraded to worse than junk or is this junk status thing only a south african problem. Gakeitse im not an economist mos...
Gives us a break we are in lockdown because of a deadly virus. It's not all about money
What is below junk? Because pres Ramaphosa is taking us there quickly.
Ngogwayi nje bakithi!....
This is getting uglier than I thought.😢
Seriously?
Who is rating this agencies. Somebody told them to downgrade us because of cigarettes
They should go and downgrade America with 20 million unemployment in 1month. Also France, Italy etc.
Good. Stop the moronic government borrowing its people into poverty
Doesn't stop does it !🙈
Should this even matter considering almost every small business, or service based tradesman business are the losers during the crisis? They are the bulk of the economy and losing everyday and for the rest of the year.
When you are lead by useless cunz this is how a bailout bankrupt you we are killing our future for no reason
SA economy died long before this virus even for a name.
Our economy shrunked b4 covid19....BB or BBBB, susemasimbeni😷😷😷🚮🚮
Lets move to level 1
We must be the only country In The world where the president says one thing then the ex-president’s ex wife overrules the current president!