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….



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