Moody’s Ratings has changed South Africa’s credit outlook to positive from stable while keeping its Ba2 rating unchanged. The move reflects progress on fiscal management and reforms.
Moody’s Ratings kept South Africa’s credit rating at Ba2 but shifted the outlook to positive. The agency cited stronger fiscal performance and progress on structural reforms in energy, logistics and water.
Standard Bank senior economist Dr Elna Moolman said the change signals possible future upgrades. She noted that the debt-to-GDP ratio has peaked and should now decline gradually.
Moody’s expects reforms to lift growth to 2 per cent by 2028. It acknowledged risks from the Iran war but said policy responses would help manage short-term pressures.
Makwe Fund Managers chief investment officer Makwe Masilela said exporters should seek diversified markets to support growth and job creation.
