Credit rating firm Fitch Ratings says that South Africa’s economic prospects are improving, thanks to a better than expected financial performance in the second quarter – but it warns that crucial social and political issues remain.
Fitch said in a note on Tuesday (21 September), that a robust economic performance and stronger-than-expected fiscal revenue in recent months mean that South Africa’s budget deficit in the fiscal year ending March 2022 (FY21/22) will be smaller than the government’s projections in February 2021.
Economic growth in the second quarter of the year was stronger than expectations at 1.2% quarter on quarter, it said, […]
Full Post at businesstech.co.za