{"id":93015,"date":"2025-11-15T14:33:37","date_gmt":"2025-11-15T14:33:37","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-gets-the-best-news-in-20-years"},"modified":"2025-11-15T15:02:53","modified_gmt":"2025-11-15T15:02:53","slug":"south-africa-gets-the-best-news-in-20-years","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-gets-the-best-news-in-20-years","title":{"rendered":"South Africa gets the best news in 20 years"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>S&P Global Ratings lifted South Africa\u2019s credit rating for the first time since 2005, citing the nation\u2019s improving growth and fiscal trajectory.<\/p>\n

The credit assessor upgraded the nation\u2019s rating by a notch to BB, just two notches into junk. S&P kept a positive outlook on the nation as there\u2019s potential for further improvement in fiscal metrics, according to a statement on Friday.<\/p>\n

The ratings company said the reduction of liabilities from state-owned Eskom Holdings was due to the utility\u2019s improved performance. The company has posted its first profit in eight years, making it less likely to require support from the government.<\/p>\n

\u201cThe government is on track to post its third annual primary surplus,\u201d S&P analysts Ravi Bhatia and Benjamin Young wrote. \u201cWhile contingent liabilities are likely to ease as state-owned electricity utility, Eskom, is being reformed.\u201d<\/p>\n

The move underscores South Africa\u2019s progress in demonstrating its commitment to fiscal consolidation, offering relief to a nation grappling with weak growth and high debt.<\/p>\n

Finance Minister Enoch Godongwana on Wednesday presented a medium-term budget showing stronger revenue collection and projecting that debt is still expected to peak at 77.9% of gross domestic product in the fiscal year ending March, compared with a 77.4% estimate previously.<\/p>\n

The slightly higher projection reflects the decision to formally adopt a 3% inflation target, giving political backing to the Reserve Bank\u2019s preference for anchoring prices at that level \u2014 announced at the end of July.<\/p>\n

Investor sentiment has strengthened since then, fueling a rally in South African assets. The yield on the country\u2019s 10-year benchmark bond has fallen 115 basis points to 8.65%, reflecting growing confidence in policy discipline.<\/p>\n

The budget also commits to finalizing a proposal for a fiscal anchor next year \u2014 a key step toward cementing South Africa\u2019s consolidation efforts.<\/p>\n

In the absence of a binding rule, the government has targeted a primary budget surplus, first achieved in 2023\u201324, and projected to widen over the rest of the decade, helping reduce debt-service costs.<\/p>\n

For More News And Analysis About South-Africa<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. S&P Global Ratings lifted South Africa\u2019s credit rating for the first time since 2005, citing the nation\u2019s improving growth and fiscal trajectory. The credit assessor upgraded the nation\u2019s rating by a notch to BB, just two notches into junk. S&P kept a positive outlook on the nation as there\u2019s potential for further […]<\/p>\n","protected":false},"author":84,"featured_media":93014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-93015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"\nSouth Africa gets the best news in 20 years - South Africa<\/title>\n<meta name=\"description\" content=\"S&P Global Ratings lifted South Africa\u2019s credit rating for the first time since 2005, citing the nation\u2019s improving ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-gets-the-best-news-in-20-years\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa gets the best news in 20 years\" \/>\n<meta property=\"og:description\" content=\"S&P Global Ratings lifted South Africa\u2019s credit rating for the first time since 2005, citing the nation\u2019s improving ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-gets-the-best-news-in-20-years\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-15T14:33:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-15T15:02:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1763206306.176949.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-gets-the-best-news-in-20-years#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-gets-the-best-news-in-20-years\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"South Africa gets the best news in 20 years\",\"datePublished\":\"2025-11-15T14:33:37+00:00\",\"dateModified\":\"2025-11-15T15:02:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-gets-the-best-news-in-20-years\"},\"wordCount\":354,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-gets-the-best-news-in-20-years#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1763206306.176949.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-gets-the-best-news-in-20-years#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-gets-the-best-news-in-20-years\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africa-gets-the-best-news-in-20-years\",\"name\":\"South Africa gets the best news in 20 years - 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