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Wikus Furstenberg Junk Already Priced In…to markets but what next

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Moody’s decision to leave SA’s credit rating unchanged gave the country a welcome reprieve. However downgrade risks still remain and next Friday, 3rd June, will be the day we know our reckoning when S&P (Standard & Poor's) give their verdict on the creditworthiness of our nation. Wikus Furstenberg, portfolio manager at Futuregrowth Asset Management, is of the view that the downgrade is inevitable. Our stunted growth, high unemployment, poor growth of human capital and the politics du jour all point to the S&P decision next week being firmly negative. He does however have some interesting views on what happens next.

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