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S&P Holds Off On Further Credit Downgrade For South Africa

25 May 2020 – In a statement, it says it means the country’s credit ratings by S&P remain non-investment grade In April, the same ratings agency lowered the country’s credit rating out of its normal schedule due to the “significant adverse implications” of the coronavirus pandemic on the country’s already-weakened economy. According to S&P, South Africa’s fiscal …

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Trade Conditions Dive In April, With Little Hope They Will Improve Soon

18 May 2020 – Trade conditions worsened in April during the harshest weeks of SA’s stage-5 lockdown, with little expectation that they will improve in the coming months, data from the SA Chamber of Commerce and Industry (Sacci) showed on Thursday. The trade conditions survey – which measures conditions across a range of sectors – …

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