South Africa gets $14bn boost by avoiding junk status

Moody’s decision to not downgrade South Africa to junk status has saved the economy about £14bn in outflows from the local bond market, according to an expert from Morningstar.

South Africa’s tax chief suspended

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On 23 March, after a four month review, South Africa breathed a sigh of relief as Moody’s decided to not downgrade the economy to a junk status.

Experts from Morningstar Investment Management South Africa and Citadel have said the decision has provided a welcome boost to the economy.

Click here to read the full story in the International Adviser April e-zine.

 

 

 

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