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Negative impact of Zuma’s cabinet shuffle: South Africa hits junk status

President Zuma’s cabinet reshuffle has caused “radical economic transformation” of a different kind with Standard & Poor’s (S&P) Global announcement that South Africa's sovereign credit rating has been downgraded to BB+. We might as well use the term “junk status” to describe our government. Mr Zuma bandies this phrase about, making a sweeping statement, without any clear policy detailing what his radical economic transformation entails. This not only confuses South Africans, but any international would-be [...]

2017-04-03T19:20:27+00:00 April 3rd, 2017|2017 Archive, Home, Media statements: UDM, Zumagate|0 Comments