Whilst taxpayers can enjoy some additional cash, the fact is that of all the ratings agencies, only Moody’s has not yet downgraded South Africa’s debt to junk status.
We look at the initiatives that government plans to undertake to avert a downgrade; but is time on our side?
We discuss by weighing government’s initiatives against the factors likely to influence Moody’s decision, and against Moody’s initial reaction to the Budget Speech.
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