Facing Facts: SA really has problems

2012-10-10 00:00

LAST week saw a cascade of South African debt downgrades from ratings agency Moody’s. First, Moody’s started at the top and downgraded South African government bonds to Baa1 from A3, with a negative outlook indicating the potential for future downgrades.

Now, what you just read there was a long list, but I decided to include all of it to make a simple point: the current instability in the country is costing everyone something, from the national government to your city to your local bank. All of them are facing diminished credibility and increased borrowing costs, and that’s going to impact on you and your family unless you do something about it.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News
Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.