n Farmer’s Weekly - What will become of SA? : market analysis
|Article Title||What will become of SA? : market analysis|
|© Publisher:||Caxton Magazines|
|Publication Date||May 2016|
|Pages||36 - 38|
South Africa expects reviews from Fitch and Standard & Poor in the coming weeks. Will we maintain our status or be downgraded to sub-investment status? If we are downgraded, capital outflows will follow and as the rand weakens we may see a rand-dominated government debt. Credit to the private sector will thus be reduced, and business confidence will deteriorate. Corporate profits will fall and household debt levels and the financing costs thereof will increase.
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