This is what awaits South Africa if Moody’s cuts its rating to junk

This is what awaits South Africa if Moody’s cuts its rating to junk
South Africa has a 0.45% weighting in the main index. Foreign investors own 37%, or about 780 billion rand ($53 billion), of South Africa’s local-currency bonds, according to National Treasury data.
This is what awaits South Africa if Moody’s cuts its rating to junk