What first credit rat­ing means to an or­di­nary Swazi

Sunday Observer - - NEWS -

Though the credit rat­ing sub­ject might sound too com­plex and less sig­nif­i­cant to or­di­nary mem­bers of the so­ci­ety in­clud­ing the el­derly, it ac­tu­ally means a lot to every Swazi cit­i­zens.

This was ex­plained by Cen­tral Bank of Swazi­land (CBS) Gen­eral Man­ager Eco­nomic Pol­icy and Re­search Statis­tics Sikhum­buzo Dlamini while re­spond­ing to a ques­tion from The Na­tion Mag­a­zine Ed­i­tor Bheki Makhubu dur­ing the launch of the coun­try’s credit rat­ing re­port yes­ter­day.

Dlamini said if gov­ern­ment widens the op­por­tu­nity to raise funds that means the state would have suf­fi­cient funds to ef­fec­tively run so­cial ser­vices in­clud­ing health and the pay­ment of so­cial grants.

CBS Gen­eral Man­ager Fi­nan­cial Mar­kets Melvin Khomo said the as­sump­tion was that af­ter the credit rat­ing, there would be an ap­petite from in­ter­na­tional in­vestors in gov­ern­ment se­cu­ri­ties to also fund in­fras­truc­ture projects which could also boost growth.

SRA CG Du­misani Masilela shar­ing a light mo­ment with Sen­a­tor Mike Tem­ple while MP Khu­malo re­ceives as­sis­tance with the de­vice which was used for the Q&A ses­sion.

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