South Africa's unstable economy could face further downgrade
568 views · Published 29 December 2015 · 3:23 · Indexed 12 November 2026
Channel: CGTN Africa · 2015 · News & Politics
It's been a tough year for South Africa too. A depressed global environment and sliding commodities prices have weighed heavily on the mining industry in particular, resulting in widespread job losses and mine closures, with more to come. And if Africa's second largest economy fails to steady the ship soon, it may follow Brazil and be downgraded to junk.
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