S&P cites intense rolling blackouts as it downgrades SA's outlook - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 09/03/2023 02:29 p. m.
📰 SABCNews

⏱ Reading Time:
13 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 51%

México Noticias Noticias

México Últimas Noticias,México Titulares

Ratings agency S&P has downgraded its outlook on South Africa to stable from positive, citing the intense rolling blackouts and other infrastructure constraints.

Image: ReutersRatings agency, citing the intense rolling blackouts and other infrastructure constraints.

The local economy contracted by 1.3% in the fourth quarter of 2022, more than markets expectations, mainly due to the electricity crisis. Without speedy resolution to the challenges, it’s expected the economy will be in recession in the first quarter.

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

México Últimas Noticias, México Titulares