Fitch

By Sunita Menon And Staff Writers SA has left the economic recession behind‚ for now‚ as gross domestic product grew 2.5% in the second quarter from the first quarter. The biggest boost came in part from the agriculture‚ forestry and…

Ratings agency Fitch has followed rival S&P and downgraded South Africa’s sovereign credit rating to junk status. Fitch downgraded South Africa from ‘BB+’ from ‘BBB-‘, cutting both the foreign currency and local currency ratings by one…