1. Credit ratings agencies and the threat of a potential downgrade for South Africa remain in the headlines, thanks to widely-reported comments by S&P last week. What were the main messages from them?
2. You speak of rising debt-servicing costs in the event of a sovereign credit rating downgrade. How significant then is the announcement that came out on Friday that Treasury had successfully placed a global bond with international investors?
3. So we understand that a focus on economic growth should be front of mind for every South African, but the SARB finds itself in a very tight spot with its inflation-targeting policy. So far this month we have already seen an increase in petrol prices and electricity costs, but it is food inflation that is really hurting. What should we make of the 34% increase in wheat import duty?