Business Unity ‘alarmed’ by Moody’s rating

Written by on 5 November, 2019

Business Unity South Africa says South Africa needs drastic and fundamental action on key economic issues following rating agency Moody’s decision to change the country’s economic outlook from stable to negative.

National Treasury has given the assurance that it is working towards lifting growth and returning public finances to a more sustainable path.

Busa president, Sipho Pityana, says Moody’s rating could be an opportunity for Government to discuss the possibility of a bailout from the International Monetary Fund.

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By: Gagasi FM News

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