Durban – There’s never enough of a crisis in South Africa to force fundamental change that will spur growth or transformation and for that reason it will most likely take a long time for the country to claw its way back to investment grade, said Peter Attard Montalto, emerging market economist at Nomura.
Speaking to Fin24 on the sidelines of the World Economic Forum on Africa which is currently taking place in Durban, Montalto said it is actually quite easy for countries to regain investment grade status – provided they “do the right thing”.
READ: SA's return to investment grade depends on ANC - analyst
