South Africa nose-diving into JUNK economic status!!! – Ratings downgrades: wake-up call for SA – My Comments
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S.Africa: GOD ORDERED IT! Exterminate the Blacks: Harry Knoesen and the Crusaders
I‘ve been waiting for this for a long time. A lot of what happened, also happened on the phones, and clearly the videos and audios are now in court.
[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
Video: More scientific proof that IQ is in hereditary - Jews lie for their Survival
I look at recent scientific evidence to see what scientists know about IQ. The Liberals/Jews and other scum like to pretend that IQ is NOT hereditary. They try by any means to misdirect whites away from this direction. But what does Science say exactly? Scientists have suspected for long that IQ is mainly hereditary. But if you believe things are hereditary, then you‘re heading down the path of ‘Scientific Racism‘ which is something Liberal/Jews do NOT like!
