GNU attracts positive reaction as S&P revises SA’s outlook

CAPE TOWN – The Government of National Unity (GNU) has attracted a positive reaction out of American ratings agency, S&P Global, which has revised the country’s outlook from stable to positive. It’s also affirmed the sovereign’s long-term foreign and local currency debt ratings at BB and BB, respectively.  Tabling the first medium term budget policy statement of the new administration last month, Finance Minsiter Enoch Godongwana said Treasury’s position remains to keep the country’s borrowing under control in efforts to reduce its more than R5.2 trillion debt.  According to…