S&P downgrade reprieve gives SA Government, business and labour a window to make progress
06 June 2016
The announcement by Standard & Poor’s Global Ratings (S&P) that it has maintained South Africa’s investment grade sovereign credit rating at BBB – the lowest investment grade rating that a country can be assigned – was a welcome reprieve for the country and gives Government, business and labour a window to collaborate in finding common ground to rebuild confidence in, as well as improve prospects for, the South African economy.