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Junk status for South Africa?
date:May 06, 2016
South Africa is in danger of losing its status on the international capital markets, the South African Central Bank warned. Credit rater Moodys already downgraded South Africas rating in March. SP will probably follow that example in June. This will give South Africa a junk status making it unappealing to invest in. This will have consequences for the country.

A lower status can result in a flight of capital, which will have consequences for the national debt. The costs of financing the debts w

12/26 01:21