The IRR says the decision this evening by S&P Global Ratings to cut South Africa’s long term foreign currency sovereign credit rating to speculative grade or ‘junk status’ risks triggering a series of economic setbacks that will affect the living standards of all South Africans directly. The Head of the IRR’s Centre for Risk Analysis, Mr Kerwin Lebone, said, “The announcement is a considerable setback particularly after the effort that was made by business, civil society, and some government leaders to prevent precisely this outcome”. IRR CEO Dr Frans Cronje … Read the full article…