Fitch might have left its rating unchanged, but that doesn’t mean it can’t see hope evaporating.
To read Fitch Ratings agency’s pallid review of South Africa is to wonder why it didn’t decide to downgrade the country’s BB− rating further or switch the outlook from “stable” to “negative”. Perhaps Fitch affirmed our rating because, at three notches into junk status, all the country’s shortcomings are already priced in.
Even so, Fitch expects the budget and current account deficits to widen, the public debt ratio to climb from about 72% to 77% of GDP by 2026 , and real GDP growth to average below 1% over the medium term. ..If you have already registered or subscribed, please sign in to continue.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fitch affirms South Africa at 'BB-', outlook stable, amid record power cutsCredit rating agency Fitch affirmed South Africa's 'BB-' credit rating with a 'stable' outlook on Monday, despite record scheduled power cuts and the transfer of most of struggling state utility Eskom's debt to the government.
Read more »
South Africa’s outlook stable: FitchInternational credit ratings agency Fitch has affirmed South Africa’s debt rating.
Read more »
South Africa: Trucks arson hits logistics where it hurts - The Africa Report.comSouth Africa’s truck arson attacks “well-planned and efficiently implemented”, says Road Freight Association CEO. SouthAfrica logistics arson
Read more »
South Africa: Manhunt Launched After Siege at South African Police BuildingA manhunt for at least 12 individuals has been launched following an attempted robbery at a police station in Pretoria on Sunday, July 17, SowetanLive reports.
Read more »
EDITORIAL | Poor communication and co-ordination: authorities fail South AfricansFreezing weather, stage 6 load-shedding, dry taps and endless excuses collide in a cruel but perfect storm.
Read more »
EDITORIAL | Poor communication and co-ordination: authorities fail South AfricansFreezing weather, stage 6 load-shedding, dry taps and endless excuses collide in a cruel but perfect storm.
Read more »