The Sarb expects a downgrade to ‘junk’. What’ll (probably) happen to the rand…

South Africa faces a medium to high probability of a downgrade to non-investment status, according to the SA Reserve Bank.

Ray White interviewed Kaon Capital CEO Brigid Taylor on The Money Show.

Taylor focused on the rand, should South Africa be relegated to a non-investment grade.

Scroll down for quotes from the audio below.

Inflation is still at the upper end of the target band. It would therefore be prudent for the Reserve Bank to hike interest rates further.

Brigid Taylor

Higher interest rates could see more investment into South Africa.

Brigid Taylor

Low commodity prices are causing volatility.

Brigid Taylor

South Africa has a really great banking system and stock exchange.

Brigid Taylor

A ratings downgrade is almost a foregone conclusion.

Brigid Taylor

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Article brought to us by Old Mutual.


This article first appeared on 702 : The Sarb expects a downgrade to ‘junk’. What’ll (probably) happen to the rand…


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