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What began as a health crisis that triggered a financial crisis, the COVID-19 pandemic is quickly developing into a full-blown global economic crisis. For South Africa, the recent credit downgrade by ratings agency Moody’s to junk status has raised further concerns around the country’s economic position over the coming months.
A lot has been said in the media over the last few weeks regarding the possibility of whether South Africa (SA) would be downgraded to “junk status” by Moody’s and thereby be forced to exit the FTSE World Government Bond Index (WGBI).
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?