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Fitch warns SA of 'quick fixes' ahead of elections

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Johannesburg - South African authorities should avoid populist measures such as introducing a minimum wage in the run up to local elections in August, ratings agency Fitch said on Thursday.

Fitch, which rates the debt of Africa's most industrialised country at BBB-, one notch above speculative grade, is expected to publish a review of the country's debt rating on June 3.

The government is mulling the implementation of a national minimum wage, but has not set a date for its introduction.

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