Pictrue: 123RF/ONYPIX
Pictrue: 123RF/ONYPIX

The local economy was dealt another blow on Friday when Fitch Ratings downgraded the country further into junk territory.

This took place just a week after Moody’s stripped SA of its last investment grade. Fitch has also maintained its negative outlook and expects our economy to contract by 3.8% in 2020 as the effect of the coronavirus becomes more prevalent.

RMB’s Kim Silberman talks to Business Day TV.

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