Standard & Poor still not convinced.



If you ever need somebody to ruin a party, consider inviting a dude from a ratings agency. At a Daily Maverick post-Budget event in Cape Town on Thursday, Standard & Poor’s chief Konrad Reuss warned that the so-called Ramaphosa Spring in South Africa could turn into something more like the Arab Spring if the country doesn’t change course fast. This, despite the fact that the Budget has addressed some aspects of the South African economy that the ratings boss believed were previously “very scary”.

Daily Maverick.