JOHANNESBURG - National Treasury says it welcomes the global ratings agency - Standard & Poor maintaining the country's positive credit rating outlook.
S&P said government's economic and financial reforms could improve the country's medium-term growth and debt trajectory. The agency also noted the low external debt position, flexible currency, and deep domestic capital markets as fundamental credit strengths that should cushion against external rising financing risks.
The agency said it noted that higher-than-expected tax revenue would help reduce the fiscal deficit as a proportion of GDP.
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Government welcomes S&P's decision to keep SA debt rating unchanged - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Government has welcomed S&P credit rating agency’s decision to keep South Africa’s long-term foreign and local currency debt ratings unchanged at junk status with a positive outlook. 🤐 IMF Our 🇿🇦 is down in hell start with Eskom plus our manufacturing goods that we produce even poor governance who never support his own companies instead of destroying it look what's happening now heading to 4 day workforce were UK is already signed it. Gov is happy with junk status… ok, got it. Thanks
Source: SABCNews - 🏆 37. / 51 Read more »