According to S&P, the decision to revise South Africa’s outlook reflects the agency’s view of increased political stability.
CAPE TOWN - The Government of National Unity has attracted a positive reaction out of American ratings agency, S&P Global, which has revised the country’s outlook from stable to positive.
Tabling the first medium term budget policy statement of the new administration last month, Finance Minsiter Enoch Godongwana said Treasury’s position remains to keep the country’s borrowing under control in efforts to reduce its more than R5.2 trillion debt. It says following the May elections, the impetus for reform could boost private investment and GDP growth.
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