Jump to content
Advertise With Us!
Our website is made possible by displaying online advertisements to our visitors.

Please consider supporting us by disabling your ad blocker.
Sign in to follow this  

S&P downgrades South Africa's credit rating to 'junk'

Rate this topic

Recommended Posts

 Cinnamon    15,962

As Jacob Zuma faces backlash over the sacking of ex-finance minister Pravin Gordhan, agency cuts country's rating grade.

Credit rating agency Standard and Poor's (S&P) has downgraded South Africa's rating to junk status, as the country's currency continued to slide following a major cabinet reshuffle.

In an unscheduled review that prompted a sell-off in South African assets, S&P on Monday cited the impact of divisions in the government of President Jacob Zuma that led to leadership changes, including the departure of former Finance Minister Pravin Gordhan.

"This has increased the likelihood that economic growth and fiscal outcomes could suffer," said S&P, which cut its rating by one notch to BB+ - its highest non-investment grade mark - and also assigned Africa's most industrialised economy a negative outlook.



Is there any getting rid of this lunatic? 

Share this post

Link to post
Share on other sites
 kbet    495

South Africa, has become a black supremacist, genocidal state.

  • Like 2

Share this post

Link to post
Share on other sites
 abigfatzero    1,650

It's the Whites fault, they are the ones...........

How long did it take for them to destroy a once great country?

Everything is going as planned...Muhahahahaha


Nelson Mandela sings about killing whites

Another Peace Prize winner.

Apparently this song is still popular......

Notice the "white" guy standing next to Mandela singing right along.


What was done to South Africa is the plan for all European Countries.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up to our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

Sign in to follow this  

  1. Jump To Top