Ratings agency Fitch sees the government coughing up R50bn in cash for Transnet over the next two fiscal years, with the public debt rising much more steeply than the government projects — but it has affirmed SA’s rating and its stable outlook, indicating it has no plans to change the rating any time soon. 

Like rival S&P Global Ratings, Fitch has SA’s rating on BB- (double B minus), which is three notches below investment grade, and one notch below Moody’s Investors Service. ..

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