Live Mag

What is “junk status”, and why should you care?

by: Live Staff - 4 April 2017

What is “junk status”, and why should you care?

By now, you should know that South Africa has been downgraded to junk status after an emergency S&P (Standard & Poor’s) meeting over the weekend, thanks to President Jacob Zuma’s cabinet reshuffle. You know it’s not a good thing. But what exactly does it mean? And does it only affect rich people? Should you really...

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