Jacob Zuma
South Africans are learning that they’re not that exceptional after all
In the wake of a series of destabilising corruption scandals, financial mismanagement and the incompetent leadership of President Jacob Zuma, South Africa is no longer that exceptional from the rest of Africa
What a downgrade means for South Africa and what it can do about it
Rating agency Standard & Poor’s (S&P) has cut South Africa’s foreign currency rating to sub-investment grade status. Two other global ratings agencies, Fitch and Moody’s, may well follow suit.