No relief for Rand, Naira; Kenya, Uganda intervene to maintain stability

Moody’s adds to pain amid world’s toughest lockdown As South Africa began the world’s toughest coronavirus lockdown (no jogging, no dog walking, no alcohol or cigarette buying), Moody’s delivered its long-anticipated hammer blow, cutting South Africa’s credit ratings to junk status late on Friday. While the downgrade merely brings the agency in line with junk […]