The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018
Government has welcomed S&P credit rating agency’s decision to keep South Africa’s long-term foreign and local currency debt ratings unchanged atIn its latest rating review, S&P says government’s economic and fiscal reforms could improve the country’s medium-term growth and debt trajectory. The agency further singled out the country’s low external debt position, flexible currency and deep domestic capital markets as credit strengths that could cushion the country against external rising financing risks.
National Treasury notes that its medium-term fiscal strategy prioritises achieving fiscal sustainability by narrowing the budget deficit and stabilising debt. It says increasing spending on policy priorities such as security and infrastructure, is further aimed at promoting economic growth and reducing fiscal and economic risks.
Only the MYANC government can be happy with 'junk' status. It's an achievement, given their track record of running the country! VoetsekANC VoetsekANC VoetsekANC GovernmentZA PresidencyZA CyrilRamaphosa ParliamentofRSA
Cadres have low standards...
Sad when government is happy that they have retained junk status
Gov is happy with junk status… ok, got it. Thanks
Our 🇿🇦 is down in hell start with Eskom plus our manufacturing goods that we produce even poor governance who never support his own companies instead of destroying it look what's happening now heading to 4 day workforce were UK is already signed it.
🤐 IMF