Fitch just revised South Africa's outlook to negative — and the rand is sliding

Fitch just revised South Africa's outlook to negative from stable.
The ratings agency also affirmed the country's long-term foreign and local currency issuer default ratings at BBB-.
In the accompanying statement, Fitch noted that the negative revision reflects various factors, including political in-fighting and depressed business confidence despite some economic recovery.
"Political risks to standards of governance and policy-making have increased and will remain high at least until the e