[vr_jsp height=”500px”]
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. Since these downgrades, the main topic of discussion has been the terrible consequences that will follow this downgrade to ‘junk status’. In particular, it has been stressed by all spokespersons of different organisations that the poor will suffer the most from this ‘junk status’.
But what is ‘junk status’ and what are CRAs? Why are South Africans afraid of ‘junk status’? What will happen to the poor now that the country the poor are improved
.
…
[/vr_jsp]