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Assessing and promoting civil and minority rights in South Africa.

[Source: Business Day by Sunita Menon.]

Fitch Ratings has followed suit with S&P Global Ratings by affirming SA’s rating with a stable outlook.

In a statement on Thursday evening, the ratings agency affirmed SA’s long-term foreign-currency issuer default rating (IDR) at BB+.

It warned, however, that the country’s ratings were weighed down by low growth potential, sizeable government debt and contingent liabilities, and the risk of rising social tension due to extremely high inequality.

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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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