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Struggling S.Africa faces threat of junk credit rating

Investors who have become increasingly wary of South Africa's economic prospects under President Jacob ZumaSouth Africa’s political turmoil and weakening economy will come under the harsh spotlight of international credit ratings from this week amid predictions the country could lose its investment-level status. S&P currently has South Africa — the continent’s most developed economy — rated at the lowest investment grade, and a downgrade would put the country’s bonds into so-called “junk” status. Moody’s currently rates it one level higher than S&P.

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