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Treasury on second downgrade blow: Stay positive!

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Cape Town - Treasury urged South Africans to remain positive and continue to work hard in turning the economy around.

This was its response on Friday afternoon after yet another downgrade blow struck the country.

Fitch Ratings downgraded the government’s long-term foreign and local currency debt to 'BB+' from 'BBB-' with a stable outlook. This is a non-investment grade rating.

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