Bulelani Balabala and Teboho Mafodi talk about the downgrade to junk status and what it means for a country. In December, the Standard and Poor rating kept the country’s sovereign credit rating at one notch above junk status, with a negative outlook, while Fitch adjusted its outlook to negative from stable – a notch above junk. They also discuss how they are affected as business people, and how are they influenced by this drop of the rating.




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360 Biz – Downgrade to Junk Status