South Africa has been downgraded to 'Junk Status' by the three main international ratings agencies. This means that they view the country as being below a level acceptable for investment. This downgrade has a variety of repurcussions for the country, including an increase in the cost of borrowing money for both business and government, which, in turn, could lead to cost increases for consumers. Junk status also means that it is harder for companies and the government to obtain external debt when they need it, as there is a perception that loans won't be able to be repaid.
Download the flyer to find out more about about the ways that junk status could affect you.