for subscribers

S&P: South Africa must do the 'right thing'

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(iStock)
(iStock)

Johannesburg – South Africa’s sovereign rating is not out of the woods yet and the country has to “do the right thing” to avoid a credit downgrade.

This is according to Konrad Reuss, managing director of Standard and Poor’s (S&P) South Africa and sub-Saharan Africa. He was speaking during a panel discussion on the outlook for Africa, at Deloitte’s Africa 2017 Outlook conference on Wednesday.

He explained that South Africa’s rating hinges on three issues. The first of these is GDP and fiscal performance.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.37
(-0.42)
ZAR/GBP
21.52
(-0.37)
ZAR/EUR
19.41
(-0.28)
ZAR/AUD
11.62
(-0.15)
ZAR/JPY
0.16
(-0.34)
Gold
1913.37
(-0.41)
Silver
24.76
(-0.70)
Platinum
885.00
(+0.23)
Brent Crude
42.06
(-3.35)
Palladium
2396.95
(+1.02)
All Share
55345.49
(+0.13)
Top 40
50905.12
(+0.11)
Financial 15
10138.60
(+1.83)
Industrial 25
74577.70
(-1.31)
Resource 10
54447.94
(+1.23)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
27% - 41 votes
No, I did not.
48% - 74 votes
My landlord refused
25% - 39 votes
Vote