When you're in a hole it makes sense to ask for help

05 February 2016 - 02:59 By The Times Editorial

The increasing likelihood of a downgrading of the country's sovereign credit rating to sub-investment, or ''junk'', grade appears to have wrought a sea-change in the thinking of top government and ruling party figures.ANC secretary-general Gwede Mantashe sounded like a Treasury veteran when he said recently that a recession and another downgrade had to be avoided at all costs.

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