While South Africa has its challenges, the country should not be despondent following announcements made by rating agencies, Finance Minister Malusi Gigaba said on Tuesday. South Africa currently has R2.2 trillion in public debt, with approximately 10% of this debt being denominated and repaid in foreign currency. On Monday, Standard & Poor’s lowered its credit rating for this portion of the country’s public debt to below investment grade. “Our rand denominated debt, which … [Read more...] about #JunkStatus – Gigaba says South Africans should not be despondent
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#JunkStatus – it said that Doctors …
One likes to think that Nobhekisisa Zuma - father of Jacob 'one who laughs while grinding his enemies' (Gedleyihlekisa) Zuma, along with Geinamazwi Zuma - mother of the 'laughing one' needs to take some blame for our #junkstatus as well. One can only hope that the 'laughing one' has had some guilty feelings and now wishes that maybe his parents should have encouraged him to become a doctor - just for the reason above. Contemplating the very thought that Zuma actually does not give a flying … [Read more...] about #JunkStatus – it said that Doctors …
