RATINGS agency S&P Global Ratings is keeping a keen eye on what measures SA is implementing to raise the growth rate in the medium term, including labour and state-owned entity reforms."What we are looking for are signals and signs that the economy is turning," S&P MD Konrad Reuss told a tax industry gathering at 2016’s annual Tax Indaba on Monday.Reuss emphasised that a major reason S&P had opted to affirm SA’s investment grade rating in June was its commitment in the February budget to "over-deliver" on the fiscal consolidation targets set in 2015.He also noted that SA’s highest score from S&P was on the strength of its monetary policy, with the transparency of the Reserve Bank and the strength of SA’s banking supervision and its strong banking sector being an important factor underlying SA’s investment grade rating.At the gathering, Treasury deputy director-general Anthony Julies said the finance minister would announce a package of measures that should tackle the concerns of rat...
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