South Africa can stave off junk status downgrade: Zuma

CAPE TOWN (Reuters) - South Africa has done enough to create growth and avoid a ratings downgrade to junk status, President Jacob Zuma told parliament on Wednesday ahead of country reviews by rating agencies. "I believe we have indeed done a lot working together to create favourable conditions for economic growth and to stave off any downgrade," Zuma said. Africa's most industrialised country, which is expected to grow at less than 1 percent in 2016, is racing to avert a sovereign rating downgra