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Fitch News

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Fitch noted progress in the implementation of the 35 priority reforms under Operation Vulindlela.

The ‘BB’ ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time.

Fitch noted progress in the implementation of the 35 priority reforms under Operation Vulindlela, which it says will contribute modestly to economic growth, estimated at 1%.

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