Author: Hilary Joffe (BDlive). When the new democratic SA was granted its first sovereign credit ratings, Moody’s was the only one of the big three rating agencies to rank us as investment grade. So when the 1996 national budget was tabled, SA was still rated speculative, or junk, by Standard & Poor’s and Fitch. A decade later, then finance minister Trevor Manuel went into his 2006 budget just months after SA finally made it to the top of the triple-B investment-grade scale on all three of the rating agency ladders and was just one notch below the coveted A grade..
Taxation Made Easy by Nyasha Musviba