Two of the “Big Three” credit ratings agencies, S&P Global Ratings and Fitch Ratings, recently downgraded South Africa’s sovereign credit rating to sub-investment grade or “junk” status. The downgrades will impact South Africa negatively, by increasing the cost of borrowing in international capital markets, which will likely lead to a rise in interest rates, as well as higher inflation. These factors should contribute to slower economic growth in the short-to-medium term. Read More (PDF)
Our collection of Frequently Asked Questions (FAQs) addresses topical policy updates of interest to corporates with business interests in South Africa, be it as an investor or trading partner. This service is supported by way of embedded resources made available by the EU Delegation in South Africa whilst any editorial responsibility rests with the EU Chamber.