Is S.A doomed to become junk status?

Standard & Poor’s is set to announce its decision on South Africa’s credit rating on 3 June, with economists warning that there is a strong likelihood that the country will be downgraded to junk, or so-called sub-investment grade. Should the country be downgraded, what happens next? Joining CNBC Africa to discuss the state of the economy and the implications of a possible downgrade is Thabi Leoka, Economic Strategist at Argon Asset Management, and Trader & Stockbroker, Petri Redelinghuys.

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