Moody's downgrades Outlook to "negative"

01 Nov 2019
Moody's downgrades South Africa

On today’s meeting Moody’s has decided to keep the country one notch above investment grade, changing its outlook on the country’s credit rating from stable to negative, but leaving it a “Life Line” as it requires at least one investment grade – from either Moody’s or Standard & Poor" to remain on the FTSE World Government Bond Index. Exiting it would spark an investor selloff and outflows of as much as $15 billion (R200bn), according to Bank of New York Mellon at a time when South Africa needs portfolio investment to finance its persistent current-account deficit. A downgrade would also raise borrowing costs, complicating the government’s efforts to balance the budget.

For a quarter-century, South Africa has been able to count on an investment-grade rating from Moody’s Investors Service. Financial markets have been pricing in a downgrade for months, and the other two major rating companies have had South Africa at junk status for two years. Should Moody’s ever follow suit, the nation would suffer enormous financial consequences, but for now the country is hanging on a thin thread.

The country’s economy is in turmoil and even though Tito Mboweni did a poor job in his Mid-Term Budget on 30 October, but Moody showed mercy, at least one more time.

The country’s economy needs to be turned around, everybody is clear on that, but between an impotent government without plans or answers and a new South African Generation, which feels not to pay taxes but to be entitled to each and every public service, this remains a mission impossible until such time where leadership changes and the age or reason returns back to all levels of society and we can once again reclaim our front seat on the African Continent.

Readers Comments

thuli | Tue, 24 Dec 2019 17:07:09 +0100
What a wonderful and a straight forward spell caster that has brought back joy and happiness into my life! Am giving this testimony because am so happy, I want to thank Dr. Iwisa for the great thing He has done in my life , He brought happiness back to my life, I never believed in spell casters until my life fell apart when my lover of 6 years decided to call it quit almost when we wanted to get married. I was so emotional breakdown to the extent i could not do anything reasonable again, after 2months in pain before an old friend of mine introduced me to a spell caster on line called Dr Iwisa, this was after I have been scammed by various fake spell casters. I was introduced me to Dr Iwisa a true Spell Caster. In less than 24 hours i saw wonders, my lover came back to me and my life got back just like a completed puzzle, and after 1month later we got married and it was just like a dream to me because i thought i had lost him forever. Thank you Dr. iwisa for helping me but most of all, Your Honesty and Fast Accurate Results. email: superiorspellhome@gmail.com WhatsApp +27730886631 Website: www.superiorspellhome.com
Vera joe | Thu, 26 Dec 2019 12:43:55 +0100
I'm from USA i want to testify of a great and powerful spell caster my husband left me and the kids for 2 weeks when i called him he didn't pick up when he came back home the 3 week he told me he wanted a divorce i was so sad i cried all night he left again i was so lonely the next day i was searching for something online when i found a spell caster called Dr Azuka who have helped so many people with their problems so i contacted him with my problems he told me it will take 24hrs and my husband will be back to me i did every thing he told me to do and the next day my husband came back kneeling and begging he canceled the divorce we are now happy together Dr Azuka can help you too email him at (dr.azukasolutionhome@gmail.com) or contact him on whats app +44 7520 636249
regina | Sat, 04 Jan 2020 17:07:48 +0100
Hello everyone my name is Regina Alfred from NJ USA. After being in relationship with Richard for seven years,he broke up with me, I did everything possible to bring him back but all was in vain, I wanted him back so much because of the love I have for him, I begged him with everything, I made promises but he refused. I explained my problem to someone online and she suggested that I should contact a spell caster that could help me cast a spell to bring him back but I am the type that don't believed in spell, I had no choice than to try it, I meant a spell caster called Dr ikhile and I email him, and he told me there was no problem that everything will be okay before three days, that my ex will return to me before three days, he cast the spell and surprisingly in the second day, it was around 4pm. My ex called me, I was so surprised, I answered the call and all he said was that he was so sorry for everything that happened, that he wanted me to return to him, that he loves me so much. I was so happy and went to him, that was how we started living together happily again. Since then, I have made promise that anybody I know that have a relationship problem, I would be of help to such person by referring him or her to the only real and powerful spell caster who helped me with my own problem and who is different from all the fake ones out there. Anybody could need the help of the spell caster, his Whatsapp:+27789518085, Email: solutiontemple27@gmail.com you can email him if you need his assistance in your relationship or anything. I CAN NEVER STOP TALKING ABOUT YOUR GOOD WORK SIR HIS WEBSITE ADDRESS is http://solutiontemples.com CONTACT HIM NOW FOR SOLUTION TO ALL YOUR PROBLEMS.
david ken | Sat, 25 Jan 2020 08:46:34 +0100
Hello viewers around the Globe, I was despondent because i had a very small penis, about 2.5 inches soft and 4 inches hard not nice enough to satisfy a woman, i have been in so many relationship, but cut off because of my situation, i have used so many product which doctors for me, but none could offer me the help i searched for. i saw some few comments on the INTERNET about this specialist called Dr,OLU and decided to contact him on his email: Drolusolutinthome@gmail.com) so I decided to give his herbal product a try. i emailed him and he got back to me, he gave me some comforting words with his herbal pills for Penis Enlargement, Within 3 week of it, i began to feel the enlargement was surprised when she said that she is satisfied with my sex and i have got a large penis. Am so happy, thanks to Dr OLU I also learn that Dr OLU also help with Breast Enlargement Hips and Bums Enlargement etc.. If you are in any situation with a little Penis, weak ejaculation, small breast_hips_bums do get to Dr OLU now for help on his email (Drolusolutionhome@gmail.com) or add him on whatsapp line +2348140654426 
lisa william | Mon, 17 Feb 2020 09:53:05 +0100
I was searching for an advise on what to do to get back my EX Husband, My story is about a woman who used to work with my husband in the same office, they were having secret affair and i caught them, for that reason my husband and i had to split, but i still love him but it seems he was deeply in love with the other lady and he left me useless, after few weeks of searching for help, I came across to Dr. Iwisa who provided me help, i contacted Dr. Iwisa for help due to the fact that i needed my EX lover desperately because he is my everything and my life. To God be the glory, my EX husband came back to me within 24 hours and he swore never to cheat on me again and promised to love me forever, Viewers reading my article that also need his help should contact him email: superiorspellhome@gmail.com WhatsApp +27730886631 Website:superiorspellhome.webnode.com
Lizzy Dixon | Wed, 19 Feb 2020 15:34:16 +0100
Am Lizzy Dixon from Canada, I want to quickly tell the world that there is a real online spell caster that is powerful and genuine, His name is Chief He helped me recently to reunite my relationship with my husband who left me, When i contacted Chief he cast a love spell for me, and my husband who said he doesn't have anything to do with me again called me and started begging me to come back. he is back now with so much love and care. today i am glad to let you all know that this spell caster have the powers to restore broken relationship back. because i am now happy with my husband. To anyone who is reading this article and needs any help, Chief can also offer any type of help like, Curing of all types of Diseases, Court Cases, Pregnancy Spell, Spiritual protection and lot's more. You can contact him Via his email chiefdrlucky@gmail.com call or add him on whats-app with his phone number +2348132777335 
Timothy Dale | Thu, 20 Feb 2020 10:35:14 +0100
PERFECT LOTTERY SPELL THAT WORK FAST WITHIN 24 HOURS WITH DR RAYPOWER LOTTERY SPELL POWERS https://urgentspellcast.wordpress.com/ I saw so many testimonies about Dr Raypower a great lottery spell caster that will help you cast a lottery spell and give you the rightful numbers to win the lottery, i didn't believe it, at first but as life got harder i decided to take a try,  I contacted him also and told him i want to win a lottery he cast a lottery spell for me which i use and i play and i won $3,000,000 (THREE MILLION DOLLARS). I am so grateful to this man Dr Raypower and i am making this known to every one out there who have been trying all day to win the lottery, believe me this is the only way to win the lottery, this is the real secret we all have been searching for. Do not waste time contact him today for you also to be a winner contact info below. Email: Urgentspellcast@gmail.com or Urgentspellcast@yahoo.com WhatsApp: +1 (424) 330-8109 Website: http://urgentspellcast.website2.me/ Blog: https://drraypower.blogspot.com/ 
padman | Fri, 06 Mar 2020 21:52:11 +0100
Are you having troubles in getting your Ex Lover back, having marital problems, infertility, financial instability. Why are you bordering yourself about your lover/husband/wife breaking up with you, its time you get all your problems solved with the help of my PERMANENT SPELL CAST powers. Am specialized in all types of spell casting such as Love Spell ( to get your ex lover, husband or wife back ) Lottery Spell Money Spell Pregnancy Spell Job/Contract Spell Health Spell Wealth Spell Good luck Spell Life Spell Spiritual Spell Beauty/Shape Spell Trick Spell Fantasy Spell Spell to win court cases Am always here to help you solve all your problems and grant you all your heart desires through my spell powers. My PERMANENT SPELL CAST is 100% guarantee sure. Do get to me to help solve your problems now on Email: padmanlovespell@yahoo.com. Whatsapp +1949229386 (info@padmanspell.com) https://twitter.com/padman_dr . website: https://padmanspell.com/index-3.html