The government is sending out the right signals despite a precarious fiscal tight rope, according to S&P Global Ratings. Sovereign ratings director Ravi Bhatia said at the S&P global insurance conference in Rosebank on Tuesday that the government is “heading in the right direction but they have to walk this fiscal tight rope’’. “We’ll need more detail on the stimulus plan and how investment plans will happen. It wasn’t a game changer but they’re sending out the right signals with the stimulus package and investment conference, and to a lesser extent the job conference as well,” he said. Bhatia warned that there were two aspects that could lead S&P to consider lowering the rating. “We’re really watching the fiscal situation. If it was to deteriorate significantly, that would be concern, or if economic growth performed even worse than it has.” Bhatia also expressed concern about the possibility of land expropriation without compensation. “We’re slightly concerned about property rights...

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