Investec sees a path out of junk status by 2028 & Government's R70bn back door

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Stephen Grootes speaks to Osagyefo Mazwai, Investment Strategist at Investec Wealth & Investment International, about South Africa's prospects of regaining its investment-grade credit rating by 2028. Investec believes there is a better than even chance of the country escaping junk status, following recent credit rating upgrades and improvements in fiscal management. However, with government debt approaching 79% of GDP and debt-servicing costs reaching R420 billion, further progress will depend on reducing debt, accelerating economic growth and maintaining political stability.

In other interviews, Khaya Sithole, CA(SA) and Director at Corusca Consulting talks about how government departments and state companies have quietly funnelled nearly R70 billion to service providers without going to tender, by simply expanding existing contracts.

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.  
  
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