Two major credit rating agencies have downgraded South
Africa's debt to junk status, triggering fears of a capital
flight and sending borrowing costs spiralling for the
continent's most developed nation. More agencies could go down
the same route in the next few weeks.
S&P downgraded the country's rating to BB+ on April 3,
blaming 'heightened political and institutional uncertainties
that have arisen from the recent changes...