Lesetja Kganyago on holding on to investment grade rating
Reserve Bank governor says government-bond yields could drop if policymakers implement the necessary reforms
18 October 2019 - 08:38
Johannesburg/London — SA government-bond yields could drop and the nation may hang on to its last investment-grade credit rating if policymakers implement the necessary reforms, SA Reserve Bank governor Lesetja Kganyago said.
Moody’s Investors Service is scheduled to deliver its latest assessment of SA’s credit rating on November 1. While the agency has a stable outlook, government borrowing has increased to help keep power utility Eskom afloat, economic growth has slowed and business confidence is near the lowest in more than three decades...
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