Moody's is set to review the country's credit rating on Friday.
“There is a risk that there could be a credit downgrade, but to some extent the market has priced that,” said Remi Olu-Pitan, a fund manager at Schroders.Another ratings downgrade on the cards for SA
Miyelani Maluleke, an economist at Absa expects Moody’s to be accommodating and keep our rating unchanged. “We do think there is a high chance they may change the outlook which is currently on stable to negative," said Maluleke.There's the petrol price hike due in April and the increase in electricity prices in June.Source
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