Special Reports
Feature: A non-investment grade or ‘junk status’ for SA?─── ANDRE GROBLER 13:00 Fri, 14 Oct 2016
In June this year South Africa narrowly missed being downgraded by rating agencies to “junk status” or to non-investment grade.
The credit rating agency Standard & Poor's downgraded South Africa's sovereign foreign currency rating to only one level above “junk”.
What is “junk status” and what can South Africa do to avert it. André Grobler spoke to two political analysts, Professor Hussein Solomon, at the University of the Free State, and Theo Venter, an analyst at the North West University in Potchefstroom.
Venter explains what “junk status” is…
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