WATCH: The parastatal road to junk

Struggling parastatals, and concerns over governance, keep the whiff of a credit rating downgrade circling in the South African air.

And the ratings agencies keep warning: unless government embraces certain reforms to enhance growth, a downgrade to junk will become a reality.

Annabel Bishop, chief economist at Investec, and professor Jannie Rossouw, head of the School of Economic and Business Sciences at Wits University, discuss this issue.

finweek: Money Matters is a weekly programme aired every Friday 13:00 CAT on CNBC Africa (Channel 410). The programme focuses on trends, investment analysis and economic debates.