Streaming issues? Report here
Africa Melane June 2020 Africa Melane June 2020
Early Breakfast with Africa Melane
04:00 - 06:00
volume_up
volume_mute

Up Next: Breakfast with Bongani Bingwa
See full line-up
Early Breakfast with Africa Melane
04:00 - 06:00
Home
arrow_forward

JUST IN: Fitch second ratings agency to slap SA with junk status

7 April 2017 1:51 PM

Ratings agency Fitch has followed suit after S&P cut South Africa's sovereign credit rating to below investment-grade.

Ratings agency Fitch has followed suit after Standard & Poor (S&P) cut South Africa's sovereign credit rating to below investment-grade on Monday.

Fitch says in its view, President Jacob Zuma's recent Cabinet reshuffle is likely to change the direction of economic policy.

Read: South Africa downgraded to junk status

S&P says their decision has been taken on the back of political and institutional uncertainty.

Take a listen to the EWN update:


This article first appeared on CapeTalk : JUST IN: Fitch second ratings agency to slap SA with junk status


7 April 2017 1:51 PM