S. Africa Credit Downgrade If Gordhan Removed: Nomura

The transcript discusses the impact of political events on South Africa's economic outlook and credit ratings. It highlights the stable rating by SNP, upcoming reviews by Moody's, and the potential downgrades due to political instability. The discussion also covers investor sentiment, the internal political dynamics within the ANC, and Jacob Zuma's strategy concerning the National Treasury.

What is the current rating outlook for South Africa as mentioned in the video?

• Triple A, positive outlook

• Triple B, minus negative outlook

• Double A, stable outlook

• Single B, negative outlook

What is a significant factor contributing to the potential downgrades of South Africa's ratings?

• Increased foreign investments

• Strong economic growth

• Political instability and low growth

• High inflation rates

How have investors traditionally viewed South African assets compared to Turkey?

• Equally favorable due to similar risks

• More favorable due to better returns

• Less favorable due to higher risks

• Less favorable due to lower returns

What is the main focus of Jacob Zuma's strategy regarding the National Treasury?

• To improve relations with international agencies

• To reduce government spending

• To construct a narrative for accessing the Treasury

• To increase foreign investments

What lesson did Jacob Zuma learn from the events of December last year?

• To focus on international markets

• To increase taxes

• To remove the finance minister without a narrative

• To construct a believable narrative within the ANC