"As time goes by, we are eating (day by day) into the safety cushion between ourselves and our next downgrade. With allowing enough time to pass, the next downgrade becomes inevitable. "
"Very little if any, other than the Energy Minister who may tie up some deals that South Africans will pay for for a long time. But that we do not know yet," explains Schussler.Schussler mentioned that the reshuffle should not cause the country to drift further into junk status, however the lack of growth and the government's growing debt might.
"Foreign investors are concentrating on the local economy and the energy portfolio is just one part of the economy. They generally do not worry much on Home Affairs or security portfolios as they worry about finance and treasury; SARB; DTI and SARS and perhaps also economic ministry," adds Schussler.
"We are worried that SA economy is not growing and not creating jobs like the rest of the world is doing. But this will be clearer in about three or four months time (hopefully) after the ANC has voted on its leadership. Depends who wins and what policies they want to promote," mentions Schussler.Schussler recommends that SA investors remain focused and not be swayed by the current happenings in the country. "Stay focused on what you are doing and stay away from noise."