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Fitch downgrades South Africa’s credit rating to ‘junk’ status

7 April 2020 – Ratings agency Fitch downgraded South Africa’s credit rating further into “junk” territory on Friday, another blow for Africa’s most industrialised economy, which is still smarting from a Moody’s downgrade last week. Fitch lowered its long-term foreign-currency issuer default rating to ‘BB’ from ‘BB+” and assigned a negative outlook. The agency cited …

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The impact of trade-disrupting COVID-19 on South African business

27 March 2020 – The coronavirus disease 2019 (COVID-19) is causing a slowdown in world trade, disruption in global supply chains, changing tourism flows, and pressuring Chinese economic growth. The complexity of global supply chains means that businesses may be reliant on Chinese products without being aware of it. South African companies that have built …

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