Ratings agency Fitch has kept South Africa's credit rating unchanged and has maintained a negative outlook with one notch below investment grade. Fitch says the country's ratings are affected by high and rising government debt, low economic growth and the dire financial status of State-Owned Entities (SOE's).
According to the rating agency, proposed legislation on land expropriation and the discussion around the nationalisation of the South African Reserve Bank has created uncertainty among investors.
Joining us is Ryan Hawthorne, an economist from Acacia Economics.
For more news, visit sabcnews.com and also #SABCNews on Social Media.
0 Comments