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The ANC welcomes R&I rating

M Coleman

The ANC welcomes the Rating and Investment Information's decision to affirm South Africa's long term foreign currency debt rating at BBB and local currency debt rating at BBB+. This is after the Rating and Investment Information (R&I) revised the outlook to stable from negative. The ANC believes that this is due to its Government's vigorous commitment to improve South Africa's investment and economic prospects, as well as its continuous diligent work on practical steps to provide the necessary policy certainty.

We further believe that the collaboration between government, business, labour and civil society have also added valued in yielding necessary interventions in positioning South Africa as an attractive investment destination, whilst also creating an enabling policy environment for inclusive economic growth.

The ANC is of the view that the rating action by R&I demonstrates that South Africans can work together to achieve remarkable outcomes. The ANC thank all stakeholders whose efforts ensured such a positive rating outcome, working together, we can do more.

I thank you

     
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