A downgrade to junk is a looming possibility for South Africa, and non-residents have sold a net R14.4 billion of the debt this month. Today bonds firmed, with the yield on the benchmark of 10-year government paper due in 2026 down 4 basis points to 8.395 per cent. Rashaad Tayob, Fund Manager at Abax Investments joins CNBC Africa for more.
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