20°C / 22°C
  • Wed
  • 25°C
  • 15°C
  • Wed
  • 28°C
  • 18°C
  • Wed
  • 27°C
  • 17°C
  • Wed
  • 26°C
  • 16°C
  • Wed
  • 25°C
  • 21°C
  • Wed
  • 23°C
  • 18°C
  • Wed
  • 36°C
  • 18°C
  • Wed
  • 30°C
  • 18°C
  • Wed
  • 28°C
  • 18°C
  • Wed
  • 20°C
  • 15°C
  • Wed
  • 25°C
  • 16°C
  • Wed
  • 23°C
  • 16°C
The agency made special mention of Eskom in its statement, saying the power utility is likely to be an enduring drain on South Africa's fiscal resources. Picture: Supplied

Standard and poors ratings services

S&P downgrades SA outlook, warns debt rating unlikely to improve

The agency downgraded the outlook for the country overnight, placing the country's local currency rating at BB+.