MEDBUDGETGPWCKZNECLPMPNWFSNC SAnews.gov.za
Government welcomes Fitch rating upgrade- ●Fitch upgraded South Africa’s credit rating to 'BB' from 'BB-' with a stable outlook, citing prudent fiscal management and fiscal consolidation progress.
- ●Government debt-to-GDP ratio is lower than anticipated, supported by improved revenue collection and disciplined expenditure.
- ●Ongoing reforms in energy and logistics sectors may boost economic growth, potentially increasing procurement opportunities.
- ●Stable fiscal outlook may reduce risk of budget cuts or spending halts in government departments.
- ●Positive rating momentum (S&P upgrade in Nov 2025, Moody’s positive outlook) may improve investor and lender confidence in public projects.
29 days agoRead item