Cape Town - The downgrade by Fitch Ratings is proudly brought to South Africa by President Jacob Zuma and it is yet another damning indictment, opposition parties say.
On Friday Fitch Ratings lowered both South Africa’s foreign and local currency credit ratings to “junk status”. The DA said this is a "devastating blow" to our economy and a sign that confidence in Zuma has reached rock-bottom.
"Zuma has sabotaged our economy, and the hopes of millions of South Africans, to benefit himself, his family and the Guptas. It is the poor who will suffer the most, as there will be less money available for basic services, and jobs will be shed," said DA leader Mmusi Maimane in a statement.