Moody's

On Saturday, the announcement by the rating agency Moody’s to keep the country one notch above investment grade from stable to negative.

The DA said the decision was not unexpected. The party’s Dion George said: “As we saw from Minister Mboweni’s speech in Parliament… he certainly said the right things like cutting the public sector wage bill, but if you look into the numbers going into the next three years, you can see that absolutely nothing is being done to it.”

Meanwhile, Finance Minister Tito Mboweni has acknowledged Moody’s rating with a heavy heart, saying he hoped for a different outcome.

“Fellow South Africans now is the time to roll up our sleeves and do what we have to do. It’s now or never. We need all hands on deck. Government, labour, business and civil society, we need each other now more than ever. The country is ours and it is only us who can turn it around,” Mboweni said in a statement.

Meanwhile, Business Unity South Africa (Busa) said it was not surprised by Moody’s announcement.

Busa president Sipho Pityana said they warned for months that the country needed drastic and fundamental action on key economic issues.

You might also like – Who wore it best – Khanya Mkangisa vs Boity Thulo

Who wore it best between Actress Khanya Mkangisa and Actress/Rapper Boity Thulo? Both ladies look stunning in this camel bodycon two-piece dress. The ex-best friends both have lovely curves and are not afraid to show off their bodies. So who do you think wore it best?

Boity and Khanya Mkangisa

Loading...

Both Khanya Mkangisa and Boitumelo Thulo are in the spotlight, with each holding her own in the entertainment industry. When both women are not making news for their love lives, Khanya and Boity are making headway in their careers. read more

Source – EWN

Are You Looking for a NEW JOB?

Are you looking for a job or maybe you are already working but want a new job? We have you covered on our Jobs Listings website. We post only genuine jobs and you can apply for free. Get Latest Jobs Here
Loading...