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South Africa Asked to Improve Growth

South Africa Asked to Improve GrowthSouth 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.

 

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