What does 'Junk Status' mean for the average South African?

South Africa has sunk deeper into junk status after Moody's Investors Service and Fitch Ratings in lowered the country's credit ratings this weekend. Moody's cut the nation's foreign and local-currency ratings to Ba2, two levels below investment grade, from Ba1 while Fitch cut the nation's foreign and local-currency ratings to BB-, three levels below investment grade, from BB, also with a negative outlook. What does this mean for the average South African? We spoke to Economist Duma Gqubule.