Category Economy
SUB CATEGORIES General |  Budget 2015 |  Budget 2016 |  Budget 2017 |  Budget 2018 |  Budget 2019 | 

South Africa Outlook Revised To Negative On Worsening Fiscal And Debt Trajectory; Ratings Affirmed

25 November 2019 S&P Global Ratings

• Low GDP growth, upwardly revised fiscal deficits, and a growing debt burden are damaging South Africa's fiscal metrics.
• Unless the government takes measures to control the fiscal deficit and we see sustained reform momentum, we view debt as unlikely to stabilize within our three-year forecast period.
• We are therefore revising our outlook on South Africa to negative from stable.
• We are also affirming our long- and short-term foreign currency ratings on South Africa at 'BB/B', our local currency ratings at 'BB+/B', and our national scale ratings at 'zaAAA/zaA-1+'.

Click here to


Quick Polls


Do you believe the short term industry should be changed to that of an accountable institution?


Yes, it will assist in tracking criminal trends within the insurance industry, thereby assisting regulators in their fight against fraud
No, it will be costly and onerous
Its just another regulatory hurdle the industry will have to tackle
A E fanews magazine
FAnews November 2019 Get the latest issue of FAnews

This month's headlines

It’s time to go overweight, heart!
A holiday should not be stressful
Should brokers participate in claims investigations?
Offshore investing to finance education
The whole cake… or rather one slice at a time
Non-disclosures: what you need to know
Medical schemes’ average increases for 2020
Subscribe now