JOHANNESBURG - Investors are hoping that this week's Medium-Term budget will make the case for a credit rating upgrade.
There are growing expectations that South Africa is on track for a credit rating boost.
By 2020, all major agencies had downgraded South Africa to below investment grade or so-called junk status.
But since late last year South Africa has started to crawl its way back up again.
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S&P lifted its rating late last year, and Fitch followed suit in June.
Moody's said earlier that it could upgrade South Africa's rating if fiscal performance continues to improve.
Investec says South Africa could regain its investment-grade rating by 2028.