That next downgrade will have a massive effect on companies operating in SA that have to buy offshore in terms of raw materials and credit terms.Junk rate status won't have such a huge impact as some think. South Africa has been doing bad for the last few years now. Ramaphosa worsened the situation. He is not a good leader. Malema is better but his ideology is ...
Industry has been dying and about to accelerate the pace.
You have the ANC going to coal producers right now telling them it is their fault and they need to relax pricing cause Eskom is a stuff up. Eskom is a stuff up why = ANC.
No retrenchments or interventions at Eskom or other SOE's. Just bailouts, sucking the last juice out of this country.
Industries that enjoy 60 day terms on imported raw materials will be asked to pay up front having a massive impact on the value of their businesses and working capital.