South Africa is out of second chances

The latest credit downgrades show that South Africa is long past the point where credit rating agencies will give the country the benefit of the doubt on growth reforms and fiscal consolidation, say economists at the Bureau for Economic Research (BER).

In a research note published on Monday (23 November), the BER said it is now time for the country deliver on promises before the agencies will start to consider changing their assessments on South Africa.

After the latest round of rating action, Fitch has overtaken S&P Global as the agency with the weakest rating outlook for South Africa….

Source link

About Author: ACM
This information is 3rd party content that is added to ACM strictly for non-commercial informational purposes. Information is the Key to Set the Black Mind Free