SA’s renewed commitment to fiscal consolidation, windfall mining revenue and an upward revision to GDP should help it avert a deeper junk credit-rating on Friday and set it on course to regain at least one investment-grade assessment within the decade.
WhileSA’s finances remain shaky,finance minister Enoch Godongwana’s commitment last week to rein in debt, reduce loan-servicing costs, narrow the budget deficit and cut spending in the coming year should help bolster investor confidence. The medium-term budget was the clearest sign yet that the former labour unionist and head of economic transformation of the ruling ANC won’t give in to calls to scale back austerity measures.
Ratings companies are likely to “share general investor concern that debt stabilisation will remain challenging until trend growth is credibly and sustainably higher, particularly given elevated demands for poverty relief,” said Elna Moolman, an SA economist at Standard Bank Group.
I thought Ramaphosa was your savior
Could.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
SA lockdown | Hospitality industry pleads with SA to vaccinateFedhasa says government should consider all options before implementing further restrictions. I’ve been seeing tweet everywhere and lot of people keep saying reach out for Miss lisamiaBTC and eventually I did and it turned out to be legit, contact Miss lisamiaBTC for advise and support. How do people still believe that vaccines will end lockdowns and restrictions imposed by governments? When will people wake up? How many more years will it take? Unreal. Gibraltar; the most vaccinated region on Earth (100% fully vaccinated, 40% boosted) has now cancelled Christmas due to 'exponential' rise in cases. Are we allowed to admit that the vaccines failed to end the pandemic, yet?
続きを読む »
#PODCAST: Business in SA with Covid-19, part 2 - The Mail & GuardianPODCAST: South Africa and South Africa with Covid-19, part 2: Join in the second part of our discussion with economist Sifiso Skenjana.
続きを読む »