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2018                                                                                                                                             [bg_collapse view=”button-orange” color=”#f00c0c” icon=”zoom” expand_text=”+” collapse_text=”_” ]

July

Junk Status

18 July 2018

Over the past two has a ‘junk status’? And will junk status be reversed if the lives ofweeks South Africa has been gripped by fear of “Junk Status”.On Friday, 31 March President Zuma dismissed Pravin Gordhan as Minister of Finance, and appointed Malusi Gigaba in his place. On Monday, 3 April Standard & Poor downgraded South Africa to ‘junk status’. Another credit rating agency (CRA) called Fitch also downgraded South Africa’s debt on 7 April.

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