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Messagepar xiaozhedejiaozi » 11 Juin 2018, 13:44

JOHANNESBURG Axel Witsel World Cup Jersey , March 14 (Xinhua) -- South African Finance Minister Pravin Gordhan has said the government has the ability to pay its debt, days after rating agency Moody's put its credit status on review.

Gordhan was briefing the media on Monday in Johannesburg after concluding a visit to Britain and the U.S. with the aim of boosting investors' confidence.

The South African government's gross debt is put at around two trillion rand (about 130.7 billion U.S. dollars) -- around half of its Gross Domestic Product (GDP), according to a statement issued by the National Treasury at the media briefing.

During Gordhan's visit Zakaria Bakkali Jersey , investors underscored "the need for South Africa to implement the growth-inducing economic reforms with urgency," the statement said.

"The next few months are critical as South Africa is expected to demonstrate concrete actions to map a path for higher economic growth as it seeks to preserve its investment grade rating and also demonstrate progress to address poverty, unemployment and inequality Yannick Carrasco Belgium Jersey ," it added.

Gordhan said the government was working to taper the debt-to-GDP ration to less than 50 percent.

The government would spur on concrete economic growth for South Africa to win back credibility in the international market, he said.

"Regulatory clarity is increasingly key for South Africa," the minister said Toby Alderweireld Belgium Jersey , expressing confidence of putting the country's sluggish economy "on a higher road to growth".

Moody's said last week it was reviewing whether to cut the South Africa's credit rating to one level above junk.

Gordhan has been trying to reassure financial markets that the government is serious about meeting its fiscal goals in order to avoid the downgrade.

Moody's is set to visit South Africa for the review from March 16 to 18.

It says its move was prompted by "the continuing rise in risks" to South Africa's medium-term economic prospects and to its fiscal strength.

"We need to provide very concrete evidence over the next few months that we're not just talking," Gordhan said in reference to Moody's' review.


When using sample data to estimate a population characteristic, either a single number estimate or a confidence interval estimate might be used. Confidence intervals are generally preferred because a single number estimate Thomas Vermaelen Belgium Jersey , by itself, does not convey any information about its accuracy. For this reason, whenever you report the value of a single number estimate Thomas Meunier Belgium Jersey , it is a good idea to also include a margin of error.

What is a confidence interval?

A confidence interval (CI) for a population characteristic is an interval of plausible values for the characteristic. It is constructed so that, with a chosen degree of confidence, the actual value of the population characteristic will be between the lower and upper endpoints of the interval. Associated with each confidence interval is a confidence level. The confidence level provides information on how much “confidence” we can have in the method used to construct the interval estimate. Usual choices for confidence levels are 90% Thibaut Courtois Belgium Jersey , 95% and 99% although other confidence levels are also possible.

List 4 mistakes

When dealing with confidence intervals we can find different mistakes. Some people think that there is a 95% chance that the true population mean is contained within the confidence intervals. This is wrong. The correct interpretation is that in 95% of studies, the true population means will be contained within the confidence limits. These seem like very similar statements – and they are. The problems is rather subtle – if we say that the confidence intervals have a 95% chance of containing the true population mean, then we are implying that the population mean is variable – sometimes it’s not. But the population mean cannot change – it is fixed. It is either within the confidence intervals Sven Kums Belgium Jersey , or it isn’t. The mistakes are listed below:

• First mistake is about 95% level of confidence, which there is a 95% chance contains true means of population. This is a mistake with quite subtle. The idea to a confidence interval is the probability enters the picture used with the method to determine confidence interval.

• Second mistake is 95% confidence level with all 95% data values fall within the interval in population.

• Third mistake is that 95% confidence interval that implies 95% of all possible sample means which fall within the interval range.

• Fourth mistake is to think that they are sole source of error in dealing with confidence interval.


In statistics, a confidence interval is a kind of interval estimate of a population parameter and is used to indicate the reliability of an estimate. It is an observed interval Simon Mignolet Belgium Jersey , in principle different from sample to sample, that frequently includes the parameter of interest, if the experiment is repeated. How frequently the observed interval contains the parameter is determined by the confidence level or confidence coefficient. Confidence intervals which are calculated by approximating the distribution of an estimator with the normal distribution are called approximate confidence intervals as opposed to exact confidence intervals.
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