South Africa (SA) has received a credit rating boost from Sovereign Africa Ratings (SAR). The agency has upgraded the country's long-term and short-term issuer credit ratings from 'BBB' and 'B' to 'BBB+' and 'B+', respectively, for both foreign and local currency.

The outlook on the long-term rating remains stable. SAR's assessment reflects confidence in the country's creditworthiness and expectations that the National Treasury will take steps to stabilise public finances.

This includes implementing fiscal policies aimed at managing debt and curbing rising debt-service costs in the medium term.  

Zwelibanzi Maziya the Chief Operating Officer of Sovereign Africa Ratings, spoke to channel Africa business reporter Innocent Semosa.

South Africa (SA) has received a credit rating boost from Sovereign Africa Ratings (SAR). The agency has upgraded the country's long-term and short-term issuer credit ratings from 'BBB' and 'B' to 'BBB+' and 'B+', respectively, for both foreign and local currency.
The outlook on the long-term rating remains stable. SAR's assessment reflects confidence in the country's creditworthiness and expectations that the National Treasury will take steps to stabilise public finances.
This includes implementing fiscal policies aimed at managing debt and curbing rising debt-service costs in the medium term. &nbsp;
Zwelibanzi Maziya the Chief Operating Officer of Sovereign Africa Ratings, spoke to channel Africa business reporter Innocent Semosa.

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SA receives a credit rating boost from Sovereign Africa Ratings

Thanda Sithole, FNB Senior Economist, unpacks expectations for South Africa's much-awaited budget speech to be delivered later this week, on Wednesday, by Finance Minister Enoch Godongwana. There are many expectations on the tax front and spending cuts. We also look at the business cycle indicator for December.

Thanda Sithole, FNB Senior Economist, unpacks expectations for South Africa's much-awaited budget speech to be delivered later this week, on Wednesday, by Finance Minister Enoch Godongwana. There are many expectations on the tax front and spending cuts. We also look at the business cycle indicator for December.

The latest market developments with Thanda Sithole, FNB Senior Economist

South Africa’s Finance Minister, Enoch Godongwana, is preparing to table the 2026 Budget Speech, his second under the Government of National Unity, at a pivotal moment for the country’s economy. Tough fiscal decisions are expected to dominate the address as the government grapples with slow economic growth, rising public debt and increasing social pressures.


Last year’s budget sparked intense debate, with opposition parties rejecting the proposed VAT increases and civil‑society groups voicing serious concerns about the impact on already‑strained households. Now, the key question is whether the Minister can strike the right balance between fiscal discipline, political consensus and the urgent needs of South Africans.
Channel Africa’s economics reporter, Innocent Semosa, has more.

South Africa&rsquo;s Finance Minister, Enoch Godongwana, is preparing to table the 2026 Budget Speech, his second under the Government of National Unity, at a pivotal moment for the country&rsquo;s economy. Tough fiscal decisions are expected to dominate the address as the government grapples with slow economic growth, rising public debt and increasing social pressures.
 Last year&rsquo;s budget sparked intense debate, with opposition parties rejecting the proposed VAT increases and civil‑society groups voicing serious concerns about the impact on already‑strained households. Now, the key question is whether the Minister can strike the right balance between fiscal discipline, political consensus and the urgent needs of South Africans. Channel Africa&rsquo;s economics reporter, Innocent Semosa, has more.

Finance Minister Enoch Godongwana to deliver second Budget Speech under the Government of National Unity

Lula, a small‑ and medium‑enterprise (SME) funding platform, is urging the government to introduce tax reforms to unlock growth in South Africa’s SME sector ahead of Finance Minister Enoch Godongwana’s National Budget Speech on Wednesday, 25 February. Among its key proposals is raising the compulsory VAT‑registration threshold from about $62 000 to $188, 000 to improve liquidity for smaller businesses.

Garth Rossiter, Lula’s Chief Risk Officer, says the move would not only enable SMEs to scale but would also boost the broader economy through higher corporate‑tax revenues, increased profitability and job creation. Thami Ngubeni spoke to Garth Rossiter, Chief Risk Officer at Lula.

Lula, a small‑ and medium‑enterprise (SME) funding platform, is urging the government to introduce tax reforms to unlock growth in South Africa&rsquo;s SME sector ahead of Finance Minister Enoch Godongwana&rsquo;s National Budget Speech on Wednesday, 25 February. Among its key proposals is raising the compulsory VAT‑registration threshold from about $62 000 to $188, 000 to improve liquidity for smaller businesses.
Garth Rossiter, Lula&rsquo;s Chief Risk Officer, says the move would not only enable SMEs to scale but would also boost the broader economy through higher corporate‑tax revenues, increased profitability and job creation. Thami Ngubeni spoke to Garth Rossiter, Chief Risk Officer at Lula.

SA receives a credit rating boost from Sovereign Africa Ratings

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