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EXTREMELY FRAGILE

11th March 2016

By: Darlene Creamer

  

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The difficulty of South Africa’s balancing act in avoiding a downgrade of its investment-grade credit rating cannot be underestimated. The fragility of the situation became strongly evident recently when doubts emerged over whether Finance Minister Pravin Gordhan still enjoyed political support from the President. Any further false moves and it will become extremely difficult for the country to avoid being ‘junked’.

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