Editorial: Downward spiral

Author: Amélie Labbé | Published: 24 Apr 2017

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...