South Africa's investment grade rating still vulnerable after S&P reprieve

Standard & Poor's decision to maintain South Africa's investment grade credit rating has taken some pressure off President Jacob Zuma ahead of elections in August, although analysts said the country is still vulnerable to a downgrade to "junk" status. S&P kept its negative outlook on South Africa's BBB- rating after a review on Friday, warning a downgrade to "junk" status could be on the cards later this year, or the next if policy measures did not turn around an ailing economy expected