A load of economic crystal balls hove into view this week
Moody’s summit will suggest its prognosis for SA, plus release of manufacturing and business confidence data
The Moody’s Investors Service summit this week will provide some insight into the credit-rating agency’s prognosis for SA.
Lucie Villa, lead sovereign analyst for SA, will present on SA’s fiscal picture and growth prospects in Johannesburg on Tuesday. The conference will also focus on corporate liquidity risk and banking sector growth.
There are heightened expectations that Moody’s will revise its outlook on SA from stable to negative when it publishes its next report on November 1, which could see the country lose its final investment grade soon after. ..