大象传媒

In less than a month, Standard and Poor's will release its latest credit ratings for South Africa.

Currently, it rates the country's sovereign debt at one notch above "junk status", with a negative outlook. Junk status or "below investment grade" would make borrowing costs much higher for the government and, indeed, most South Africans.

The country narrowly avoided a downgrade from S and P in July 2016, but it may not do so in December. Jabu Mabuza is one of the country's most prominent business figures. Among others, he's chairman of one of the country's largest telecom groups and president of the lobby group Business Unity South Africa.

The 大象传媒's Milton Nkosi sat down with him and asked him if South African businesses were expecting, or prepared for, a downgrade.