Fitch cites widening budget deficit as reason behind SA's revised outlook - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

has cited the widening budget deficit and increased expenditure as its reason for revising South Africa’s outlook from stable to negative. The ratings agency on Friday affirmed the country’s rating at BB Positive.

growth were all core to Fitch’s decision to downgrade its outlook on South Africa to negative from stable.Lesetja Kganyago Fitch believes South Africa’s GDP growth potential is in question based on its recent downward revision. It has also cited high levels of inequality as a hindrance to government’s implementation of policy to address such challenges.

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Fitch revises its outlook on SA's credit rating from stable to negative - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Rating agency Fitch has revised its outlook on South Africa's credit rating from stable to negative. Not good at all! We are so screwed 🗣️🗣️'Pravin Gordhan is fixing the SOEs '
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