Ratings agency S&P Global said on Friday it would keep SA’s foreign-currency and local-currency credit ratings unchanged at sub-investment grade due to muted growth in 2018, among other things. The agency has, however, adopted a more positive stance on land expropriation and added a stable outlook on the ratings, which the National Treasury has welcomed as an opportunity to demonstrate that it can successfully implement measures to ramp up growth. S&P Global sovereign ratings director Ravi Bhatia joined Business Day TV to discuss the ratings decision.

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