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Poorest to be hardest hit by SA's downgrade to junk status

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The poorest of South Africans are set to be the hardest hit,following the downgrade to junk status by ratings agencies S&P and Fitch this week. Analysts predict staple foods such as maize, sugar, and milk, will likely cost a lot more due to an anticipated rise in petrol prices. For grant beneficiaries, making the Rand stretch even further, could prove too challenging.For more news, visit: http://www.sabc.co.za/news

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