Zuma congratulates treasury for fooling rating agencies

Why did ratings agencies ignore key weaknesses in the SA economy?


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Why did ratings agencies ignore key weaknesses in the SA economy?

Given utterly zany politics and the stagnant economy, why was South Africa not downgraded all the way to junk?

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It still strikes me that like the Gupta and Rupert families, the ratings agencies will continue attracting the accusation of “state capture” insofar as the public policy this neoliberal foreign family dictates is also characterised by short-term self-interest, occasional serious oversights (such as those above) and national economic self-destruction.