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The rand remains volatile as political events continue to unfold

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The rand remains volatile as both political and economic events continue to unfold in the country.In a largely expected move, the global credit rating agency Standard & Poor's has downgraded the country's major banks to junk status as well. Analysts say the move is a standard procedure which is aimed at aligning the rating of a country's financial institutions with that of the sovereign.For more news, visit: http://www.sabc.co.za/news

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SABC News actuality world news local news Standard & Poor's Downgrade Credit rating Pravin Gordhan Jacob Zuma Gauteng
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