Investors have reportedly been dumping South African government bonds at a rate of almost R2bn a day in August. According to JSE Ltd. data compiled by Bloomberg, with issuance increasing and a downgrade to junk a looming possibility, nonresidents have sold a net R14.4bn of the debt in August so far. That’s an average of R1.8bn a day. Joining us now to discuss this is Isaah Mhlanga, an economist at Alexander Forbes.
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