South Africa’s ‘painful’ ratings downgrade will raise borrowing costs – minister
over 3 years in nationalpost
JOHANNESBURG — South Africa’s finance ministry said on Saturday the ratings downgrade by Moody’s and Fitch will increase the country’s borrowing costs and constrain its fiscal framework. “The decision by Fitch and Moody’s… is a painful one,” Tito Mboweni, Minister of Finance, said in a statement. There is an urgent need for government to implement […]
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