Is a Moody's downgrade inevitable?
Analysts and economists have largely welcomed the 2020 Budget with consumers being offered some tax relief and expenditure being cut by reigning in public sector wage bill, that’s been spiralling out of control. Only two of the right notes were struck on Wednesday but was it necessarily a Moody's budget? Was enough done to convince the ratings agency not to cut the country’s sovereign rating to junk status come March? On that verdict is still out and Business Day TV talks to Jones Gondo of Nedbank CIB for his take.