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South Africa's Ratings Downgrade to Have Far-Reaching Impact

Standard and Poors has downgraded South Africa's economic status to "junk" - for the first time in 17 years - following the firing of Pravin Gordhan, the former finance minister, and his deputy Mcebisi Jonas, after months of speculation.

allafrica.com

Left: Former finance minister Pravin Gordhan. Right: President Jacob Zuma.

  • South Africa:   Rand Tumbles After S&P Downgrade

    Al Jazeera, 3 April 2017

    Credit rating agency Standard and Poor's (S&P) has downgraded South Africa's rating to junk status, as the country's currency continued to slide following a major cabinet… Read more »

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