Monday, 30 October 2017

Moody’s sees South African risks rising without credible debt plan

Moody’s sees South African risks rising without credible debt plan

*Medium-term budget policy statement is credit-negative *Moody’s and S&P to make ratings announcement on Nov. 24 30 October 2017, Johannesburg — South Africa’s debt sustainability will be at risk unless the government presents a credible fiscal-consolidation plan in 2018, Moody’s Investors Service said. Finance Minister Malusi Gigaba tabled a bleak picture of the nation’s finances …

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