JOHANNESBURG - After spending years stuck in junk status, the country is finally earning renewed confidence from global markets.
S&P Global has raised South Africa’s foreign-currency long-term rating,
citing stronger economic growth prospects, tighter debt management,
and an improved fiscal outlook.
The agency says reduced risks at state power utility Eskom, have helped ease pressure on government finances, a key factor in the upgrade.
National Treasury says the move reflects progress in restoring fiscal credibility and putting the economy back on a sustainable growth path.
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This means lower borrowing costs for government, higher confidence from investors, and renewed interest in South African bonds. For ordinary people, that could translate into stronger business confidence, more jobs, and better investment opportunities.