A downgrade to junk status by Moody’s Investor Services looms large over the local economy after the ratings agency cut SA’s outlook to negative in November 2019.

If there are no concrete structural and policy reforms to contain spending and borrowing and boost revenue, supported by a credible medium-term vision in finance minister Tito Mboweni’s budget speech, Moody’s next scheduled assessment on March 27 may herald the end of the country’s ratings reprieve...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now