Subscribe to the bi-annual report
  • This field is for validation purposes and should be left unchanged.
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.

Continue reading here.

South Africa at a Glance
56 500 000 (mid 2017 estimate)
5.1% y/y in September 2017 (CPI) & +4.2% y/y in August 2017 (PPI)
2.5% q/q for the 2nd quarter of 2017
More information: Click here!