SA’s ratings revival comes with a warning: don’t ignore the ‘uglies’
Fitch’s first upgrade in 21 years caps a remarkable turnaround, but hidden liabilities, weak growth, and structural problems stand between the country and investment-grade status.
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NPC report recommends reducing retirement funds’ offshore limit
The National Planning Commission recommends revising Regulation 28 to redirect at least 20% of retirement fund assets towards infrastructure and productive fixed assets.
Government invests R282 billion and earns R1 million in dividends
Of six state-owned companies, only one has paid a dividend over the past five years.
Positive Budget bodes well for domestic bonds and equities
Old Mutual weighs in on how the Budget is likely to affect the country’s credit rating, economic growth, and the capital markets.
