The rating agency, S&P, has downgraded South Africa further into junk status territory.
S&P has put SA's long-term foreign-currency credit rating at 'BB minus', or the third tier of non-investment grade. It said this was due to the impact of the coronavirus on the economy.
The downgrade comes a month after Moody's became the last of the three major credit rating bodies to lower SA's sovereign credit rating to the first rung of non-investment grade, or so-called junk status. Fitch and S&P had already taken that step in 2017.
For more on the downgrade, we are joined via Skype by Dr Azar Jammine, who is Director and Chief Economist of Econometrix.
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