Late March saw S&P Global downgrade South Africa’s foreign debt to junk status, followed by Fitch Ratings which downgraded our local and foreign currency debt, while Moodys gave us a 30 – 90 day grace period while they think about it.
South Africa is entering junk status, officially called sub investment grade, and while this isn’t the end of the world, it is certainly not good news for the country and its citizens.
At this Power Hour Simon Brown, founder of Just One Lap, will look at how sub investment grade status impacted the currencies of other countries and markets as well as how they got back to investment grade. Simon will also focus on what we can expect locally and how to position your portfolio and personal balance sheet to manage the difficult years ahead until we’re awesome again.
- The PDF of the presentation is here.
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