South Africa Receives Second 'Junk' Status Credit Rating

Credit rating agency Fitch has joined Standard & Poor's in placing South Africa's credit rating at sub-investment grade. This after protesters across the country demonstrated against President Jacob Zuma over his decision to fire Pravin Gordhan as finance minister during a controversial Cabinet reshuffle.

  • South Africa:   Fitch Downgrades SA to Junk Status

    Daily Maverick, 7 April 2017

    As thousands of South Africans protest around the country calling for President Jacob Zuma to step down or be recalled, the country's economic prospects have been downgraded to… Read more »

  • South Africa:   We Are Not a 'Junk' Country - Opposition Leader

    News24Wire, 7 April 2017

    President Jacob Zuma and the ANC have led the country into a crisis, but there is still hope that the people of South Africa can rescue it from the brink, DA leader Mmusi Maimane… Read more »


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