South Africa's Rand Takes Huge Knock Following Ratings Downgrade

Author:
South African Broadcasting Corporation
Publisher:
South African Broadcasting Corporation
Publication Date:
3 April 2017
Tags:
South Africa, Economy, Business and Finance, Governance

Standard and Poors has downgraded South Africa to junk status following the recall of Pravin Gordhan, the former finance minister and his deputy Mcebisi Jonas.

Follow AllAfrica

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.