LONDON (Reuters) – The cost of insuring South Africa’s debt against default rose to its highest since early August on Monday, after U.S. President Donald Trump said he would cut off funding to the country.
The country’s 5-year credit default swap rose by 11 basis points from Friday’s close to reach 206 basis points, according to data from S&P Global Market Intelligence.
(Reporting By Libby George; Editing by Amanda Cooper)
