With South Africa’s recent ratings downgrades sparking a short-term action plan to claw back its investment grade, it would be more prudent for the country to focus on establishing a stable, healthy, societal base able to leverage regained ratings levels, according to Makhaya Advisory South Africa CEO Trudi Makhaya. Speaking at the Metals and Engineering Indaba, in Sandton, on Friday, Makhaya told delegates that the country was focused on the benchmarks of its peers and “doing everything it could” to reach their levels.
Source: www.engineeringnews.co.za
A new, more internally focused approach should be taken to revive investment status
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