Better investment rating is welcome news
The widely expected decision by Standard & Poor’s to upgrade South Africa’s investment rating for the first time in nearly two decades is welcome news for the economy.
Prof. Raymond Parsons, economist from the NWU Business School, in commenting on the decision by global agency Standard & Poor’s to upgrade South Africa’s credit rating, says it recognises the extent to which certain recent positive economic developments have improved South Africa’s fiscal position and growth outlook, which has strengthened investment sentiment.