File: According to ratings agency Standard and Poor's, South Africans are looking at a tough 2016.
JOHANNESBURG - South Africa's making little progress in turning around the economy.
That's the view of ratings agency Standard & Poor's.
The agency says political wrangling has delayed the implementation of reforms.
This has in turn raised the risk of a credit downgrade to sub-investment grade.
S&P says it would like to see government issue a progress report on how the growth outlook has improved in the medium term.
It also wants to see whether business confidence has improved.