As South Africa’s economy prepares to exit level 5 of Covid-19 lock-down’s at midnight, the country’s bonds are also counting down to their exclusion from the World Government Bond Index (WBGI). Economist had forecast an exodus of between $8 to $11 billion in capital outflows that would follow South Africa’s exit from the WBGI. This would be outflows from foreign investors whose mandates do not allow them to hold junk rated bonds in their portfolio. Do these forecasts still stand or has Covid-19 changed things? Rashaad Tayob, Fund Manager, Abax investments and James McDonald, CEO & CIO of Hercules Investments join CNBC Africa for more….