Posts by Ross Reid
Written by Ross Reid.
South Africa has been downgraded over time to junk status. Our growing and unstable Debt-to-GDP ratio is a large reason for this.
Suppose one morning you wake up to discover gravity had been reduced – you can now jump higher and weights in the gym feel lighter. Almost all physical activities are easier to complete. This all sounds superb, but highly improbable.
Amidst all the headlines dominating the news recently, you may have missed one relating to a R19 billion loan taken by the South African government from the New Development Bank.