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Fears grow of ratings downgrade - OAM

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Cape Town - There is a growing probability of a credit rating downgrade in December, cautioned Overberg Asset Management (OAM) in its weekly overview of the economic and political landscape in South Africa.

It noted that power struggles within government are likely to increase as the ANC nears its National Elective Conference in 2017.

This promises further rand volatility in the months ahead and a potential credit rating downgrade.

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