South Africa debt-to-GDP decline sets up possible rating upgrade

Bloomberg · 3 hours ago
  • South Africa's debt-to-GDP ratio is set to decline for the first time in more than two decades.
  • Finance Minister Enoch Godongwana is expected to signal the country's commitment to fiscal discipline on Wednesday.
  • The fiscal signal could pave the way for a credit-rating upgrade for South Africa as soon as next month.