[LISTEN] Credit downgrade looms for SA

Radio 702’s Bongani Bingwa spoke to chief economist at Investec Annabel Bishop about Finance Minister Malusi Gigaba’s Medium-term Budget Policy Statement.

JOHANNESBURG - Based on the initial figures released in Finance Minister Malusi Gigaba's Medium-Term Budget Policy Statement, chief economist at Investec Annabel Bishop says we may see credit downgrades.

“As an economist, I am disappointed in the fiscal slippage, the escalations in the projections for the fiscal deficit and fiscal debt, which signifies to me that we would likely get credit rating downgrades now”, Bishop said.

Radio 702’s Bongani Bingwa spoke to Bishop.

Listen to the audio for more.

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