S. Africa Can't Be Complacent on Moody's Rating, Nene Says
- Government has to take forward agenda for structural reform
- Moody’s affirmed ratings at Baa3, changed outlook to stable
Cyril Ramaphosa
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
South Africa can’t be complacent after Moody’s Investors Services affirmed the nation’s credit ratings at investment grade, Finance Minister Nhlanhla Nene said.
While the government is in a “honeymoon phase” following the election of Cyril Ramaphosa as president and Nene’s return to the National Treasury, it has to take forward its agenda for structural reforms to promote economic growth, the minister said in an interview with Johannesburg-based broadcaster Talk Radio 702 on Monday.