President Cyril Ramaphosa (centre) campaigns in Clermont, March 31 2019. Picture: RAJESH JANTILAL /AFP
President Cyril Ramaphosa (centre) campaigns in Clermont, March 31 2019. Picture: RAJESH JANTILAL /AFP

Moody’s Investors Service has given President Cyril Ramaphosa the benefit of the doubt but the clock is ticking for the implementation of his promised structural reforms if a later downgrade is to be avoided.

The credit ratings agency did not release a scheduled report on SA’s sovereign credit rating on Friday. SA’s debt is rated at Baa3 by the agency, one notch above junk status, with a stable outlook. Moody’s has two scheduled review dates a year but is under no obligation to issue a report.

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