SA faces weak long term growth outlook : Moody's - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

says South Africa is still skating on thin ice. However, the rating agency says all that can change is if it improves the rising debt levels and the running of state owned enterprises.

Moody’s says government debt burden is expected to rise to 65 % of GDP by 2023 and this will increase to over 70 % including government guarantees that have been granted to. The rating agency is urging government to turn the tide, but still warns it will take a few years before any meaningful progress is registered.

Policy change is key to changing the sovereign credit profile or it will continue to be eroded, that’s another warning from the agency and that government will have to reduce the high cost of borrowing and be an investment friendly destination.

This capitalist agencies they must leave this country because they gossip about things which put our country deep in trouble. That is why our economy requires full NASREC resolutions.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS MAVERICK: South Africa wins a fragile post-election window of economic opportunitySA has come out of the 8 May 2019 elections on a solid footing and has even managed to withstand the financial market sell-off on the flare-up in trade tensions between the US and China late last week. Now all eyes are on whether President Cyril Ramaphosa has the mandate to push ahead with necessary policy reform, taking advantage of this invaluable window of opportunity against a still-nervy global economic backdrop.
Source: dailymaverick - 🏆 3. / 84 Read more »