Chief Economist at Pan African Investment and Research, Dr Iraj Abedian says Moody’s will not downgrade South Africa’s economy to junk status. Following Finance Minister Pravin Gordhan's charm offensive in London, Boston and New York, ratings agency Moody's is in SA to assess whether the country is able to tackle its economic challenges. The finance ministry undertook a road show last week, trying to convince international investors that a further downgrade would not be in the country's favor. Dr Abedian says if the country’s economy is to be downgraded, it is going to affect everyone, particularly the poor and the middle class. To help us unpack this we are joined on the line by:
• Azwimpheleli Langalanga: Research Associate: Economic Diplomacy Program: South African Institute of International Affairs
• Gerhard van Onselen: Economic Researcher: Solidarity Movement
• Azar Jammine, Chief Economist at Econometrix
