CPI inflation came in again slap bang in the middle of the SARB’s target range. Eskom gets an additional bailout of R59bn, and the chickens are already coming home to roost as Fitch kept our credit rating stable, but downgrades the outlook from stable to negative… and Moody’s warns that government debt is now at dangerous levels.

 

SA Gov treading dangerous waters

 

SA Govt treading dangerous waters

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