29 July 2019 - 05:10Signals are growing that SA is losing the battle to hold on to its investment-grade credit rating as public finances spin out of control and a top Treasury official warns"the box is empty".
Fitch Ratings cut its outlook on SA’s debt to negative on Friday following the announcement of an additional R59bn in support for Eskom. Moody’s Investors Service hinted strongly earlier in the week that it could no longer remain silent on SA’s deteriorating debt picture.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.
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