South Africa is close to 'junk status' from all three rating agencies. What could follow?

South Africa is close to 'junk status' from all three rating agencies. What could follow?
The country’s public debt has been increasing due to lower-than-projected tax revenue growth on the back of weak economic growth and the R59bn bailout for the power utility, Eskom. South Africa’s long …
South Africa is close to 'junk status' from all three rating agencies. What could follow?