The Psychology of Owing and Being Owed
A few months ago at the G20 Summit held in Hangzhou, China, Jacob Zuma, the President of South Africa, gave an interview to China Central Television on the Summit's sidelines. One of the key topic of the interview was the recent economic troubles faced by South Africa, especially pertaining to the financial downgrading associated with the recent sacking of the reputable finance minister Pravin Gordhan. The interviewer questioned Zuma on how the lack of confidence international markets and rating agencies toward South Africa will impact the South African economy in the coming months.