South Africa Faces Potential Credit Downgrade

The video discusses potential ratings actions by Standard & Poor's and Moody's, focusing on market expectations and currency volatility, particularly the Rand and Turkish lira. It also covers Fitch's recent ratings action and the risks they highlight, such as fiscal deficit, government debt, and economic growth projections. The central bank's growth forecast is notably low, indicating economic challenges.

What implications does the currency market have on the likelihood of a downgrade?

What is the expected economic growth rate for South Africa according to the central bank?