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Less Predictable South Africa Policy May See Moody’s Rating Cut
Johannesburg (Capital Markets in Africa) – South Africa’s credit rating may be cut to junk if its policies become “even less predictable” or shift in a way that could undermine the economy, Moody’s Investors Service said. Policy uncertainty and political turmoil have increased in the last two months as the nation’s anti-graft ombudsman instructed lawmakers to change the central bank’s mandate, the mines minister published new regulations that the industry says undermine investment and President Jacob Zuma’s…
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