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ALERT: Junk Status just Fake: Foreign investors pile into South African bonds despite fears

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The story and graphic in the Financial Times tells us a different story from what the rating agencies seemingly tell us about South Africa’s financial state. But this country’s financial newspapers will not tell you this story.

Despite being in junk, the FT says “Foreign investors pile into South African bonds despite fears”. https://www.ft.com/content/dc920b6e-064d-3bef-b374-352c52d29367

Also remember the Nomura Institute economist who exposed the rating agencies. He said South Africa was financially sound. http://uncensoredopinion.co.za/sa-financially-stable-nomura-economist/

Like the Nomura economist, our own Khaya Sithole said if there had to be a downgrade, it should have happened 18 months ago. Nothing in the last 18 months had changed. In fact, Gordhan had overseen an economy that had not grown in years. http://uncensoredopinion.co.za/savesa-destroyed-pravin-gordhan/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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2 Comments

  1. Yes this is true the rating is false and immature supporred by the controllers of the economies called bankers. These are Federal Bankers under the hospice of the Rothchilds,the Openheimers and the Ruperts of this world. Our economic structures needs to be overhauled and be recreated by placing it on real economy which is that of our minerals and reserves on the hands of these foreign vampires.

    1. Dear Mzukisi

      It was too obvious this downgrade was political. There was absolutely no change in policy.

      Kindest

      PK

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