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Africa

Downgrade of South African Sovereign Now 'Probable' – Nedbank Analysts

As the ongoing COVID-19 pandemic collides with a crash in the oil price and a broader deceleration of growth, the South Africa sovereign looks set to struggle. According to Jones Gondo, Senior Credit Analyst and Nthulleng Mphahlele, Analyst at Nedbank, the risk of the big three rating agencies downgrading South Africa has been significantly heightened.

Mar 19, 2020 // 4:30PM

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