58234
South Africa Asked to Improve Growth
South Africa Asked to Improve Growth

South Africa Asked to Improve Growth

South Africa Asked to Improve Growth

South Africa’s sovereign credit rating could come under pressure if there is no improvement in its economic growth and fiscal performance, S&P Global Ratings’ sub-Saharan region head said on Wednesday, Reuters reported. “We have certain expectations with regard to GDP growth and certain expectations with regard to fiscal improvements,” Konrad Reuss said at a conference in Johannesburg. “If there is no delivery in this regard, that could certainly put pressure on the rating.” S&P rates South Africa BBB-, one level above “junk” status, with a negative outlook.

 

Short URL : https://goo.gl/Zphi0k
  1. https://goo.gl/OjgnS0
  • https://goo.gl/I16XfH
  • https://goo.gl/cT6bok
  • https://goo.gl/A6cOi1
  • https://goo.gl/e8TdGi

You can also read ...

Nigeria Inflation Dips Further
For the eight consecutive months, Nigeria’s inflation rate...
Angola Rating Downgraded
Moody’s Investors Service has Sunday downgraded the long-term...
Modi Assures Economy Strong, in Right Direction
Indian Prime Minister Narendra Modi on Sunday asserted that...
Currently, the total amount of the eurozone’s NPLs is estimated at $1 trillion. However, undercapitalized Italian banks are objecting  to such ECB recommendations.
The European Central Bank is poised to start wrapping up its...
Capital outflows through the banking system have accounted for as much as $27 billion since the crisis.
Unsurprisingly, Qatar has been on the investor radar...
Tanzania Current A/C Deficit Shrinks
Tanzania’s central bank revealed that its current account...
US Household Debt at $12.84t
There’s a scary little statistic buried beneath the US economy...
Every 1% increase in GDP is expected to equal roughly 1.8 million new jobs.
China’s unemployment rate has hit its lowest point in multiple...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus