toby1
Craftsman
Supplier of White Flags to the French Army.
Posts: 1,987
|
Post by toby1 on Nov 21, 2020 10:00:24 GMT -5
South Africa fell deeper into junk territory after Moody’s Investors Service and Fitch Ratings lowered the country’s credit ratings on Friday. The ratings cuts come after the coronavirus pandemic pummeled the government’s finances and pushed the economy into its longest recession in almost three decades. Finance Minister Tito Mboweni said on Saturday the downgrades will have immediate implications for borrowing costs and will constrain the fiscal framework. Still, South Africa had already dropped out of the FTSE World Government Bond Index after Moody’s removed the nation’s last investment-grade rating in March. That may reduce the impact of the downgrades, according to Razia Khan, chief economist for Africa and the Middle East at Standard Chartered Bank.""
South Africa did far far better when Afrikaaners were in charge, no normal person would dsagree !
|
|
|
|
Post by fretslider on Nov 24, 2020 5:45:30 GMT -5
South Africa fell deeper into junk territory after Moody’s Investors Service and Fitch Ratings lowered the country’s credit ratings on Friday. The ratings cuts come after the coronavirus pandemic pummeled the government’s finances and pushed the economy into its longest recession in almost three decades. Finance Minister Tito Mboweni said on Saturday the downgrades will have immediate implications for borrowing costs and will constrain the fiscal framework. Still, South Africa had already dropped out of the FTSE World Government Bond Index after Moody’s removed the nation’s last investment-grade rating in March. That may reduce the impact of the downgrades, according to Razia Khan, chief economist for Africa and the Middle East at Standard Chartered Bank."" South Africa did far far better when Afrikaaners were in charge, no normal person would dsagree !
It's their country and how they run it is a matter for them. It's not our concern. They have chosen to follow the Zimbabwean model - despite all the evidence. |
|
|
|
Post by mouse on Dec 14, 2020 8:21:53 GMT -5
it is no concern of ours... none what so ever....we should never ever again interfer in anyway with any African or Asian countries... good bad or indifferent...all it does is cause trouble down the line
|
|
toby1
Craftsman
Supplier of White Flags to the French Army.
Posts: 1,987
|
Post by toby1 on Dec 14, 2020 9:45:54 GMT -5
If there were no diamonds of gold to be had then South Africa would have been left to the Boers with the UK just using a bit of the seaside as a harbour for shipping. Contrary to popular belief there were NO Negroes living in South Africa back then, the Zulus were living in the equatorial areas to the north, there were Hottentots who died out and Bushmen living in the Kalahari desert but that's it, the journals of the first Boer settlers were written in old Dutch ,(and make a good read too), they mention finding a garden of Eden totally uninhabited by anybody so they settled there, farmed the land and established their own particular religion (which is why they left Holland).
Firms like De Beers and the Gold Diggers imported loads of Africans to do the hard work, a terrible mistake because the descendants now fight each other for control, the African does not do,'democracy', !
We DO need a stable South Africa because our industry needs Cobalt, Copper, Nickel, Titanium etc and without these metals we would have to buy from Russia and they would put the prices up.
|
|
Alpha 
