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Assessing and promoting civil and minority rights in South Africa.

[Source: Business Day by Sunita Menon.]

An S&P Global Ratings delegation slipped into the country this week and has been quietly meeting political analysts but snubbed Luthuli House in what observers described as an unusual move.

Economists speculated that S&P was preparing to downgrade SA’s sovereign credit rating on November 24, much like Moody’s Investors Service signalled it would do in a note released earlier this week.

A Moody’s delegation is expected in SA next week.

ANC spokesman Zizi Kodwa said on Thursday Luthuli House had not received a meeting request from S&P, while the Treasury and the Reserve Bank confirmed that a delegation from the sovereign credit ratings agency was in the country. “We have engaged with them [S&P] before, but Luthuli House has received no request,” he said.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
5.1% y/y in October 2018 (CPI) & +6.9 y/y in October 2018 (PPI)
2.2% q/q (3rd quarter of 2018)
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