Junk status - what it means for the construction industry

SOUTH AFRICA

Junk status - what it means for the construction industry
© Ivan Kruk – [[www.123rf.com 123RF.com]]</span>South Africa's downgraded status by international agencies is likely to have significant impact on the construction industry as the cost of credit rises, particularly in existing contracts. As a result, the already high risk of non-payment is set to escalate further.
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