South Africa rating not expected to change in next 24 months -S&P
JOHANNESBURG (Reuters) – South Africa’s credit rating is unlikely to change at another review in June or in the next 24 months, but an electricity crunch will shave 0.3 percent off this year’s economic growth, Standard & Poor’s said. In its macroeconomic outlook for Africa’s most advanced economy on Monday, S&P forecast growth of over 2 percent this year, which would accelerate in 2016 and beyond. But it warned that wage demands from the public…
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