Labour unrest, high unemployment threaten SA’s credit ratings – SA Reserve Bank

2013-10-29 13:09

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Labour unrest in South Africa and the country’s high unemployment rate are the main risks to economic growth and threaten its credit ratings, the SA Reserve Bank has said.

Moody’s Investors Service, Standard & Poor’s and Fitch Ratings downgraded the nation’s debt since September. Moody’s and Standard & Poor’s kept South Africa on a negative outlook, citing spending pressures and slow economic growth as risks to the rating. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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