South Africa nose-diving into JUNK economic status!!! – Ratings downgrades: wake-up call for SA – My Comments


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Video & Audio: S.Africa: Blacks who openly talk about killing all the Whites
In this video I show examples of Blacks in South Africa in the last decade or even recently who openly spoke about killing ALL WHITES! They mention hideous things they would like to do to us.


[This is beautiful. Let the ship be torpedoed and sunk. It's long overdue. Goodbye Liberalism, goodbye Globalism! Between you and me, I don't think they have a hope in hell of "restarting the economy". I am enjoying this. Sink the ship! Jan]

Ratings agencies took analysts and the government by surprise at the start of the weekend. South Africa plunged deeper into junk territory after Moody’s Investors Service joined Fitch Ratings in lowering the country’s credit ratings to a level worse than in 1994 (full details, here).

The National Treasury has warned that spending cuts and tax increases are on the table, and to expect more economic pain of the order caused by the Covid-19 shutdowns – in particular business closures and job losses. It seems to put much of the blame on the Covid-19 pandemic, urging South Africans to adhere to rules aimed at curbing the spread of the disease to avoid stricter rules.

But it’s clear South Africa cannot afford another lockdown. What’s more, the investment community is unimpressed with plans and strategies set out by President Cyril Ramaphosa and Minister of Finance Tito Mboweni in recent months to revive the economy.

As Stanlib chief economist Kevin Lings underscores: the downgrades reflect ‘significant and sustained deterioration’ in the SA economy and government finance. Bright spots include SA’s exchange rate flexibility, credible monetary policy, a well-capitalised and regulated financial sector, deep capital markets and moderate external debt. But, he says, there is no substitute for high economic growth accompanied by job creation.

Source: https://www.biznews.com/undictated/2020/11/23/ratings-downgrades-south-africa



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16 Pics: A Jewish Communist assassin stabbed S.African Prime Minister Dr Hendrik Verwoerd to DEATH!
Dr Hendrick Verwoerd was the Prime Minister of South Africa. He was *HATED* by the Jews and is regarded as the main creator of Apartheid. Apartheid was White Racialism whereby all Whites (Afrikaans and English) ruled SA together. Verwoerd was unquestionably the Greatest White leader in the history of SA. Jews had him killed.

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