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SOUTH AFRICA: Double trouble

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● South Africa’s currency and fiscal woes have taken another hit from Fitch’s 3 April downgrade of the sovereign’s long-term foreign and local currency credit ratings from BB+ to BB, with a negative outlook.

● Although President Cyril Ramaphosa’s decisive handling of the pande...

 

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Teneo-Europe-Report

SOUTH AFRICA: Double trouble

● South Africa’s currency and fiscal woes have taken another hit from Fitch’s 3 April downgrade of the sovereign’s long-term foreign and local currency