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

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


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