S&P raises South Africa's outlook to stable.

By bne IntelliNews January 26, 2011
International ratings agency Standard and Poor's (S&P) upgraded South Africa's outlook to stable from negative, news portal Fin24.com reported. The stable outlook reflects our expectation that South Africa's external balance sheet will remain manageable, despite volatile portfolio flows, and that fiscal deficits will gradually reduce over the next few years, the agency said. According to S&P, the South African government is expected to remain committed to stabilising debt levels at slightly more than 40% of GDP. S&P expects the country's GDP to increase by 3% to 4% over the next few years.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335