WORLDVIEW: Why junk status could be best thing to happen to South Africa

WORLDVIEW: Why junk status could be best thing to happen to South Africa

South Africa is on the road to recovery and set to break Africaโ€™s depressing cycle of liberation followed by economic collapse.
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Yesterday morning I participated in a debate representing the "optimistic" picture for SA โ€“ on the other side was Nomura's Peter Attard Montalto who represented the "pessimistic" view. He had home ground advantage โ€“ the event being held at Nomura's head office in the city of London. It was arranged by the SA Chamber of Commerce UK.

To keep the conversation free and flowing, we were not able to record the event. The discussion was vibrant, with each of us given the time to outline our position. Then came questions from the chairman John Battersby and members of the audience. I thought you might like to see where my optimism stems from โ€“ so here are my introductory comments:

As a youngster, I was deeply involved with Boy Scouts, the pinnacle of which was being selected to represent South Africa at the international World Jamboree in Norway. I mention this part of my formative years to highlight two issues critical in the context of today's debate.

___STEADY_PAYWALL___

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