S&P lifts South Africa’s outlook to ‘positive’
S&P has upgraded its outlook for SA from “stable” to “positive” but also warned that structural impediments are likely to continue to weigh on medium-term growth. “Continued economic reforms, such as those related to diversifying electricity generation, third-party access to the freight rail network, privatisation of [state-owned enterprises], and changes to mining sector regulation, could deliver upside to growth,” said S&P.