B2B Central

Fitch Ratings

25 Sep 2018

South Africa Plan Unlikely to Deliver Major Growth Boost: Fitch Ratings

By Janice Roberts

South Africa’s latest economic plan is unlikely to deliver a significant boost to economic growth, Fitch Ratings says.
20 Dec 2017

Fitch: South African Political Uncertainty to Persist in 2018

By Janice Roberts

Political uncertainty will persist in South Africa following the election of Cyril Ramaphosa as leader of the African National Congress, Fitch Ratings says. The closeness of the result, and the likely challenges in agreeing and implementing changes to existing economic and fiscal settings, suggest that the policy paralysis prior to this week’s national conference may...
23 Nov 2017

Government notes Fitch's decision

By Janice Roberts

Fitch Ratings has affirmed South Africa’s long-term foreign and local currency debt ratings at ‘BB+’ and maintained the stable outlook. The National Treasury said in a statement this evening, that Government had noted Fitch’s decision not to further downgrade South Africa deeper into ‘junk status’. “While Fitch’s ratings imply that South Africa is still in...
07 Apr 2017

Fitch downgrades South Africa

By Janice Roberts

A second major ratings agency has cut the South African government’s sovereign credit rating to junk status.  This follows the axing of finance minister Pravin Gordhan. 
27 Oct 2016

MTBPS Measures Will Not Stem Rising Debt: Fitch

By Janice Roberts

Substantial tightening measures worth 0.5% of GDP in 2017-2018 in South Africa’s (‘BBB-‘/Stable) Medium-Term Budget Policy Statement (MTBPS) highlight that fiscal consolidation remains a government priority but will be insufficient to avoid a further delay in stabilising debt to GDP ratios given low economic growth, Fitch Ratings says.
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