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Fitch affirms S.Africa “BB-” credit rating

Fitch has given South Africa a reprieve by maintaining its sovereign rating three steps below investment grade despite record power cuts, a weak economy, high government debt and inequality. The ratings agency has maintained South Africa’s rating at BB-, with a stable outlook since the end of 2021. But it did chop the country's growth forecast to 0 from 1 per cent previously? CNBC Africa is joined by Andre Roux, Economist at Stellenbosch Business School for more.
Tue, 18 Jul 2023 13:01:16 GMT

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