JOHANNESBURG, April 10 South Africa's central
bank governor said on Monday it was too early to tell whether
the recent downgrades of the country's credit to junk would push
the economy in to a recession.
"It's too early to tell if we are in a recession," the
Reserve Bank's (SARB) governor Lesetja Kganyago said at the
regulator's Monetary Policy Review.
"The environment is pretty fluid ... With the downgrades, we
expect the cost of capital to rise and that rising cost of
capital could force businesses that wanted to invest to rethink
some of their projects. That will have an impact on growth," he
(Reporting by Mfuneko Toyana; Editing by James Macharia)