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.