SA will consider partially privatising struggling state-owned companies as part of wide-ranging reforms set in motion by President Cyril Ramaphosa since he came to power last month, the head of the National Treasury said on Saturday. Dondo Mogajane said SA was at the end of a credit downgrade cycle after Moody’s held its investment-grade rating and raised its outlook on Friday, partly because of Ramaphosa’s plan to reform state companies. "For me, I see it as the end," Mogajane told Reuters in an interview. "Moody’s are saying there are things we can do and these are the things we will be focused on," he added, highlighting plans to stabilise debt, revamp state firms and boost growth in sectors such as agriculture and tourism. A downgrade to a "junk" rating by Moody’s would have seen SA removed from Citi’s World Government Bond Index, and could have triggered up to R100bn in asset sales by foreign investors. Investors have cheered Ramaphosa’s arrival and his choice of respected mini...
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