Unpacking SARB’s scenario for Moody’s downgrade

Following the South African Reserve Bank’s decision to keep the repo rate on hold today, Governor Kganyago said the bank had forecast three scenarios of the likely impact a Moody’s downgrade would have on the country’s banking system. This is what the banks expects in the case of the worst case scenario. Joining CNBC Africa for more is Joseph Busha, Managing Director at JM BUSHA Investment Group and Annabel Bishop, Chief Economist at Investec….

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