‘Painful’ downgrades will raise South Africa’s borrowing costs – minister

over 3 years in nationalpost

JOHANNESBURG — South Africa’s finance ministry said on Saturday credit ratings downgrades by Moody’s and Fitch would increase the country’s borrowing costs and constrain its fiscal options. “The decision by Fitch and Moody’s … is a painful one,” Tito Mboweni, minister of finance, said in a statement. There is an urgent need for government to […]

Mentioned in this news
Share it on