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S.Africa's credit rating hit by political tumult - FRANCE 24

AFP - Moody's downgraded South Africa's credit rating by one notch on Thursday, citing concerns about the government's ability to tackle economic problems and warning political jostling within the ruling ANC could prompt further cuts.

The drop to a Baa1 rating will likely spell higher government borrowing costs in Africa's largest economy and will further spook investors already worried by rolling strikes, creaking infrastructure and political instability.

by In Wales (inwales aaat eurotrib.com) on Thu Sep 27th, 2012 at 04:29:45 PM EST
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