DStv Network

SA Junk Status

Just days after President Jacob Zuma reshuffled his cabinet and fired Finance Minister Pravin Gordhan and his Deputy Mcebisi Jonas, international ratings agency Standard and Poor’s downgraded South Africa’s long-term currency sovereign credit rating to junk status.  As experts count the cost of higher interest rates on bonds and vehicle repayments for ordinary South Africans, Carte Blanche examines the consequences of being relegated to junk status.

Producer: Graham Coetzer 

Presenter: Devi Sankaree Govender