20°C / 22°C
  • Tue
  • 17°C
  • 13°C
  • Wed
  • 22°C
  • 13°C
  • Thu
  • 24°C
  • 10°C
  • Fri
  • 22°C
  • 11°C
  • Sat
  • 24°C
  • 13°C
  • Sun
  • 26°C
  • 14°C
  • Tue
  • 25°C
  • 15°C
  • Wed
  • 24°C
  • 15°C
  • Thu
  • 27°C
  • 16°C
  • Fri
  • 25°C
  • 17°C
  • Sat
  • 21°C
  • 14°C
  • Sun
  • 18°C
  • 13°C
  • Tue
  • 19°C
  • 15°C
  • Wed
  • 24°C
  • 14°C
  • Thu
  • 26°C
  • 13°C
  • Fri
  • 24°C
  • 14°C
  • Sat
  • 26°C
  • 14°C
  • Sun
  • 28°C
  • 16°C
  • Tue
  • 19°C
  • 13°C
  • Wed
  • 23°C
  • 12°C
  • Thu
  • 24°C
  • 10°C
  • Fri
  • 24°C
  • 12°C
  • Sat
  • 26°C
  • 14°C
  • Sun
  • 28°C
  • 14°C
  • Tue
  • 23°C
  • 18°C
  • Wed
  • 25°C
  • 18°C
  • Thu
  • 22°C
  • 19°C
  • Fri
  • 24°C
  • 19°C
  • Sat
  • 26°C
  • 20°C
  • Sun
  • 24°C
  • 17°C
  • Tue
  • 22°C
  • 16°C
  • Wed
  • 22°C
  • 17°C
  • Thu
  • 22°C
  • 16°C
  • Fri
  • 23°C
  • 16°C
  • Sat
  • 23°C
  • 16°C
  • Sun
  • 19°C
  • 15°C
  • Tue
  • 30°C
  • 16°C
  • Wed
  • 28°C
  • 17°C
  • Thu
  • 32°C
  • 16°C
  • Fri
  • 30°C
  • 18°C
  • Sat
  • 21°C
  • 12°C
  • Sun
  • 19°C
  • 9°C
  • Tue
  • 26°C
  • 16°C
  • Wed
  • 25°C
  • 17°C
  • Thu
  • 28°C
  • 17°C
  • Fri
  • 25°C
  • 17°C
  • Sat
  • 21°C
  • 13°C
  • Sun
  • 16°C
  • 11°C
  • Tue
  • 20°C
  • 16°C
  • Wed
  • 26°C
  • 14°C
  • Thu
  • 29°C
  • 13°C
  • Fri
  • 25°C
  • 16°C
  • Sat
  • 28°C
  • 16°C
  • Sun
  • 28°C
  • 16°C
  • Tue
  • 20°C
  • 13°C
  • Wed
  • 26°C
  • 12°C
  • Thu
  • 27°C
  • 11°C
  • Fri
  • 30°C
  • 13°C
  • Sat
  • 31°C
  • 16°C
  • Sun
  • 31°C
  • 13°C
  • Tue
  • 18°C
  • 14°C
  • Wed
  • 27°C
  • 14°C
  • Thu
  • 25°C
  • 15°C
  • Fri
  • 23°C
  • 14°C
  • Sat
  • 25°C
  • 16°C
  • Sun
  • 32°C
  • 14°C
  • Tue
  • 22°C
  • 13°C
  • Wed
  • 23°C
  • 16°C
  • Thu
  • 24°C
  • 15°C
  • Fri
  • 26°C
  • 16°C
  • Sat
  • 24°C
  • 14°C
  • Sun
  • 19°C
  • 12°C

Higher SA spending limit will not weaken policy credibility - Moody's

Moody’s, the last of the big three ratings agencies to rate South Africa in investment grade, is scheduled to review that rating next month.

Picture: Facebook.

JOHANNESBURG - Ratings agency Moody’s said on Thursday that it did not believe that South Africa’s decision in its 2019 budget to raise the expenditure ceiling by around R16 billion over three years would weaken fiscal policy credibility.

Moody’s, the last of the big three ratings agencies to rate South Africa in investment grade, is scheduled to review that rating next month.

It added in a note on the budget that South Africa’s contingent liability risks remained sizeable and that the country’s government debt burden was now expected to exceed 60% of gross domestic product by the fiscal year 2023.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus