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S&P downgrades S Africa's local currency debt Local currency borrowing makes up about 90 percent of the South Africa's total 2.2 trillion rand ($159 billion) of debt.A cut to "junk" on the local currency debt by both S&P and Moody's could have seen South African debt lose its place in the Citi's World Government Bond Index (WGBI), the biggest of the ...
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Bangkok-bound man held with foreign currency worth Rs 19L at Kolkata, Nov 26 (PTI) A man, who was supposed to board a flight to Bangkok, was apprehended at the airport here for allegedly trying to smuggle foreign currency worth over Rs 19 lakh out of the country, the Central Industrial Security Force (CISF) said today. D R Tharwani (37), a resident of ...
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2018 Budget to outline 'decisive' measures to strengthen fiscal framework: Treasury The finance ministry will be bold in its budget next year and will take decisive measures to strengthen SA's fiscal framework after S&P Global Ratings cut the country's local currency debt to "junk" status. "The 2018 Budget will outline decisive and specific policy measures to strengthen the fiscal ...
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