Ratings agency Moody’s Investors Service lowered its outlook on SA’s credit rating from stable to negative on Friday, signaling that the country has an 18-month window to get its house in order to avoid being cut to junk status.

The ratings agency kept SA’s debt at Baa3, one notch above sub-investment grade, or junk. The change in outlook was largely expected by the market but  raises the likelihood that SA government debt could be downgraded...

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