In the next couple of days, investor attention will turn to a scheduled review of South Africa’s sovereign credit by Moody’s on Friday. The ratings agency already has the country’s debt in “junk” status, and the question is whether it will cut that rating even further. With a negative outlook, there is the potential for a further downgrade. Annabel Bishop, Chief Economist at Investec joins CNBC Africa for more.
SA has done enough to prevent a further sovereign downgrade, economist says
PUBLISHED: Tue, 04 May 2021 17:13:24 GMT