Junk status not good for Africa's overall growth

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TC Chetty, South Africa country manager for the Royal Institution of Chartered Surveyors (RICS).</span>According to Royal Institution of Chartered Surveyors' (RICS) South Africa country manager TC Chetty, the recent credit rating downgrades by global ratings agencies will negatively affect Africa's two biggest economies - South Africa and Nigeria, and hit Africa's overall economic growth.