Credit rating downgrade on South Africa’s poultry industry not catastrophic

Sovereign CEO says downgrade of South Africa's government bonds to below investment grade will not have catastrophic effect on country's poultry industry.

The international credit rating downgrade of South Africa’s government bonds to a rating below investment grade will not necessarily have a catastrophic effect on the country’s poultry industry, according to Chris Coombes, chief executive officer of Sovereign Foods. “In fact, quite the opposite," he said.

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TAGS: Business
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