SA’s reprieve from rating agency Standard & Poor’s (S&P) on Friday has left the African National Congress’s (ANC’s) economic transformation head Enoch Godongwana optimistic that the country will not fall to junk status later this year.S&P kept SA’s long- and short-term foreign and local currency bond ratings at BBB-/A-3 and BBB+/A-2 respectively."It affirms the previous rating and therefore is a good decision," Godongwana said.In depth: Rating decisionNews, views and analysis of the rating decisionHe said it was an important development and in "broad terms" he was "comfortable" with the fact that the country would not reach junk status in December."Among other things they (S&P) are citing is... the positive approach that they are seeing in development in terms of dealing with the electricity constraints... including labour and other reforms."He said SA was making strides in providing a reliable source of energy and that the rating agencies acknowledged this."There has been improveme...
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