Standard and Poor's has affirmed the long and short term foreign currency credit ratings for South Africa.
The power crunch could trigger another credit downgrade from ratings agencies.
Peter Attard Montalto explains what lead to the downgrade on South Africa’s credit rating.
Two ratings agencies revealed major doubts around the South African economy on Friday.
The downgrade takes South Africa’s credit rating to just one level above ‘junk’ status.
The ratings agency shifted its outlook for SA today, with Zuma’s minister’s among its concerns.