The decision by Fitch to retain South Africa’s sovereign credit rating at its current level – although with a rating outlook change – is a vindication of the efforts by government, labour and business over the past year to negotiate and undertake structural reforms to drive faster, more sustainable and more inclusive economic growth for the benefit of all South Africans. This was the reaction of the CEO Initiative, Business Leadership South Africa and Business Unity South Africa in response to sovereign credit rating announcements by Fitch and Moody’s for South Africa.
Source: www.engineeringnews.co.za
Ratings decision vindicates govt, labour and business efforts – CEOs
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