South Africa
Fitch revises outlook on SA to 'stable'─── 07:18 Fri, 17 Dec 2021
Credit ratings agency Fitch has revised the country's outlook from ‘negative’ to ‘stable’.
The agency cites a faster-than-expected economic recovery.
In a statement, government says it ‘notes’ the decision.
And that Treasury will continue to demonstrate its commitment to fiscal sustainability by addressing the massive budget deficit and the country’s debt burden.
Higher than expected tax revenue, will be used for this purpose.
Fitch predicts GDP will return to pre-pandemic levels in the course of 2022.
