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Nuclear stall could buy SA ratings reprieve - economist

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Investec economist Nazmeera Moola. (Pic: Supplied)
Investec economist Nazmeera Moola. (Pic: Supplied)

Durban – The fact that South Africa’s nuclear programme has been put on hold for the foreseeable future could give the country a credit ratings reprieve when Moody’s reviews its sovereign credit rating in a few weeks.

This is the view of Nazmeera Moola, economist at Investec Asset Management, who spoke to Fin24 on the sidelines of the World Economic Forum (WEF) on Africa that is currently taking place in Durban.

On April 26, Judge Lee Bozalek ruled in the Western Cape High Court that government’s nuclear procurement processes thus far had been unlawful and unconstitutional.

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