Ratings agency S&P Global changed its outlook on SA’s sovereign credit rating from stable to negative late on Friday, citing ailing growth and the government's worsening fiscal and debt trajectory.
“Low GDP growth, upwardly revised fiscal deficits, and a growing debt burden are damaging SA’s fiscal metrics,” the agency said in a statement.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
Just in time for black friday & Christmas. A weaker rand will stimulate spending in the abscence of the ideal but not welcomed intrest rate cut. [Twitter street analysis]
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