COVID-19 AND DOWNGRADE OF SOUTH AFRICA’S CREDIT RATING

Coronavirus (COVID -19)
The COVID-19 pandemic, and the global response to it, has become a serious threat not only to global health but to the global economy and financial markets. The world has never seen an event quite like this as it is unlike previous market crashes. The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries, confining millions of people to their homes and sending financial markets reeling. The tools of statistical analysis and machine learning, powerful as they are, can’t adequately assess what the world is experiencing.