South Africa: S&P Warns What's Happening in SA More Than Just Political Noise

Any attempt to undermine South Africa's key institutions like Treasury would see the country likely downgraded to junk status, rating agency Standard & Poor's indicated on Thursday.

Without threatening a downgrade in a careful address, S&P sub-Saharan Africa MD Konrad Reuss told the Thomson Reuters Africa Summit in Cape Town on Thursday that any attempt to undermine South Africa's institutions would be "a negative" for the agency.

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