Fitch has maintained its South African ratings, warning of weak growth - but adding that its debt structure is favourable.This is thanks to an expected transfer of some of Eskom's debt to government.On Friday, the US credit rating agency Fitch maintained its view on South Africa, while S&P boosted its outlook on Eskom from"negative" to"stable". This is thanks to an expected transfer of some of Eskom's debt to government.
The agency noted"substantial recent over-performance on fiscal revenues and the government's strong efforts to control expenditure", which if successfully continued, could bring about debt stabilisation. Fitch doesn't expect load shedding will significantly improve next year and will ease only gradually in 2024."There recently has been more progress on the government's reform agenda pushed by a focus on process bottlenecks under Operation Vulindlela, but full implementation still takes a long time and reforms on the agenda are limited in ambition.
_Business Fuck Fitch.....not needed .whe should deal with Russia and China
_Business NO. It's not a transfer of debt to Government. It's a transfer of debt to US . . . . THE TAXPAYERS !!