South Africa: economic imperatives and land reform
- June 4, 2018
- - 4:16 pm
Summary A sovereign credit rating downgrade, with consequential higher borrowing costs and Eurobond pricing, is more likely as South African President Cyril Ramaphosa adjusts to his country’s political imperatives Analysis The Ramaphosa administration in South Africa will likely hasten the gazetting of the government’s much-anticipated Mining Charter, in a bid to quickly raise interest in the country’s mining sector. The development, possible to come on June 8, won’t overcome other political and economic challenges facing the South African government that will likely culminate in a sovereign credit rating revision to negative outlook when S&P, Fitch and Moody’s next release their …
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