8 Ways To Turn The South African Economy Around

Avatar
Written by Peter Pedroncelli
South Africa ditch Fitch
Ratings Agency – Photo: Michael Gottschalk/Getty Images

Avoid further credit rating agency downgrades

Various credit ratings agencies have downgraded South Africa’s status due to weak economic policies and general concerns over internal issues such as corruption and the energy crisis that affected business. The problem here is that these ratings affect investor sentiment with regards to the country, and a further downgrade to junk status could have devastating consequences which need to be avoided at all costs.