S&P says South Africa needs to deliver on growth, fiscal improvements

South Africa’s sovereign credit rating could come under pressure if there is no improvement in its economic growth and fiscal performance, S&P Global Ratings’ sub-Saharan region head said on Wednesday.

“We have certain expectations with regard to GDP growth and certain expectations with regard to fiscal improvements. If there is no delivery in this regard, that could certainly put pressure on the rating,” Konrad Reuss told a conference in Johannesburg.

S&P rates South Africa BBB-, one level above “junk” status, with a negative outlook.