Moody's Ratings | SA economic outlook upgraded from stable to positive

Confidence appears to be increasing in the South African government’s handling of the country’s fiscal position and its consistent strides towards structural reform.

This is according to Moody’s Ratings agency which kept the country’s credit rating unchanged at Ba2 – which means that the country’s credit status is still in junk territory.

Importantly, though, the ratings agency shifted South Africa’s outlook from “stable” to “positive".

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