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S.A’s economy is in high care; a ratings downgrade could take us to intensive care – Goolam Ballim

Standard & Poor’s is due to give its verdict on whether to downgrade South Africa or not to junk on Friday. In this CNBC Africa Special, Goolam Ballim, Chief Economist and Global Head of Research of Standard Bank suggest South Africa should brace itself for a downgrade and explains the economic consequences of an economy that is given junk status.

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