Andrew Biraj/ Reuters
JLGutierrez/ Getty Images
South Africa’s recent downgrade means that investment into SA will dwindle. Interest rates will likely rise. Inflation will go up.
Mike Hutchings / Reuters
Despite long periods of positive economic growth, unemployment remains one of the key challenges faced by South Africa.
MUJAHID SAFODIEN via Getty Images
Today Stats SA has announced that South Africa’s economy is officially in recession, with GDP growth for Quarter 1 of 2017 down 0.7 percent.
From rising electricity prices to junk status, we all all impacted.
Rogan Ward/ Reuters
Find out how three countries escaped junk status in record time.
James Oatway / Reuters
When the rand is weak, the price of imported grains typically increases, which adds further strain to an already strained indigent population.
Stephane Mahe / Reuters
The finance minister says he will tell Moody's the government won't spend what it doesn't have to try to persuade it not to follow Fitch and S&P.
SIPHIWE SIBEKO / Reuters
The price of contract maize has risen sharply since President Jacob Zuma sacked Pravin Gordhan as finance minister.
Trade unionist Zwelinzima Vavi says the president has never pursued radical economic transformation.
Sumaya Hisham/ Reuters
Junk status has everything to do with poor and uneducated people as it will affect them directly, EFF leader Julius Malema has said.
Our reputation has been shattered, our image as a stable and safe investment destination has been demolished, our dreams have been turned into nightmares.
Siphiwe Sibeko / Reuters
The move follows that of S&P Global Ratings one week ago after President Zuma's cabinet reshuffle and subsequent protests.
Reuters Photographer / Reuters
We fight, we yell, we talk, we march, we protest and we worry – somewhere, someone cracks a well-placed joke and we are all in stitches.
The rand fell 1,1 percent against the dollar after ANC leaders backed down on their calls for Zuma to quit.