{"id":15315,"date":"2025-11-15T08:05:34","date_gmt":"2025-11-15T06:05:34","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/sa-secures-first-credit-rating-upgrade-in-nearly-20-years\/"},"modified":"2026-02-27T16:27:35","modified_gmt":"2026-02-27T14:27:35","slug":"sa-secures-first-credit-rating-upgrade-in-nearly-20-years","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sa-secures-first-credit-rating-upgrade-in-nearly-20-years\/","title":{"rendered":"SA secures first credit rating upgrade in nearly 20 years"},"content":{"rendered":"<p>This after ratings agency S&amp;P Global raised the country&#8217;s foreign currency long term sovereign rating, to BB from BB-. S&amp;P cited stronger growth prospects, an improving fiscal outlook and reduced contingent liabilities following better performance at power utility Eskom.<\/p>\n<p>S&amp;P says National Treasury has managed to arrest rising debt and restore fiscal credibility to put the country back a growth path. Last week&#8217;s Mid Term Budget Policy Statement showed debt at gross domestic product stabilising at 77.9% this financial year and the budget deficit narrowing to 4.7% of gross domestic product in 2025\/26, from 4.8% in the May budget. S&amp;P says in a statement it expects SA&#8217;s gross domestic product growth to pick up to 1.1% in 2025 after a subdued 0-point- five percent in 2024. SA is now two notches below investment grade on the foreign currency rating.<\/p>\n<p>&#8211;SABC&#8211;<\/p>\n","protected":false},"featured_media":15316,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-15315","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"South Africa (SA) has secured its first credit rating upgrade in nearly 20 years","published_date":"2025-11-15 00:00:00","news_description":"South Africa (SA) has secured its first credit rating upgrade in nearly 20 years","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15315\/revisions"}],"predecessor-version":[{"id":19607,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15315\/revisions\/19607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/15316"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15315"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}