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While the decision still leaves the country in sub-investment grade or 'junk' status, it is seen as a vote of confidence in government's efforts to turn the economy around.

South Africa’s unchanged credit rating described as positive for the country

by Antoinette Ballack

23 May 2021, 6:51 AM

Head of the Wits Business School, Professor Jannie Rossouw, has described the decision by credit ratings agencies S and P ...

According to S&P, the downgrade is a result of coronavirus related pressures that will have significant adverse implications for South Africa’s already deficient growth and fiscal outcomes.

Government expresses disappointment over S&P downgrades

by Paballo Lephaka

30 April 2020, 10:11 AM

Government has expressed disappointment over global ratings agency S&P to lower South Africa’s long term foreign and local currency debt ...

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