Finance minister Tito Mboweni has warned that the government’s failure to ramp up structural reforms will result in the country losing its last-remaining investment-grade credit rating.
Moody’s is the only agency not already holding SA at junk, though the agency did lower the country’s outlook to negative in 2019.
Econometrix chief economist Azar Jammine joined Business Day TV to talk about the finance minister’s concerns and the challenges that lie ahead.
WATCH: Tito Mboweni's dire warning for government
Image: ESA ALEXANDER
Finance minister Tito Mboweni has warned that the government’s failure to ramp up structural reforms will result in the country losing its last-remaining investment-grade credit rating.
Moody’s is the only agency not already holding SA at junk, though the agency did lower the country’s outlook to negative in 2019.
Econometrix chief economist Azar Jammine joined Business Day TV to talk about the finance minister’s concerns and the challenges that lie ahead.
Finance minister Tito Mboweni's warned of dire consequence for the economy, if government does not push ahead with deep structural economic reforms. Business Day TV unpacked the Minister's comments with Econometrix Chief Economist Azar Jammine.
Listen to the full audio here:
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