South Africa faces rating downgrade on more policy mistakes, weak growth: S&P

South Africa's credit rating would be downgraded if further policy mistakes are made and if growth continues to disappoint, the regional head of Standard & Poor's said on Thursday. President Jacob Zuma changed finance ministers twice in a week, alarming investors and triggering financial turmoil that sent the rand, bonds and stocks plummeting. "Certainly events before Christmas was a good sign of how policy mistakes can be made and how they can have a tremendous impact on something like the