Cape Town20°C / 10°C
Durban20°C / 14°C
Johannesburg20°C / 3°C
By Sapa-AFP | 2014-08-20 07:46:16.0 |
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In a statement, the ratings agency said it had downgraded Standard Bank, Absa, FNB and Nedbank by one notch to Baa1, in a move sure to raise more questions about the health of the vital sector.