South Africa Junk-Rating Risk Surges on Gordhan Fraud ChargeBy , , and
Probability of central bank tightening policy increased
Gordhan is scheduled to table mid-term budget on Oct. 26
Fraud charges against South African Finance Minister Pravin Gordhan have moved the country a step closer to a junk rating and put the possibility of an increase in borrowing costs back on the table, investors said.
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