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The Nexus
BUSINESSJun 14 · 10:34 UTCTHE RIO TIMESSamuel Ncube

South Africa Wins First Fitch Upgrade in 21 Years as Fiscal Discipline Pays Off

Fitch upgraded South Africa's credit rating from BB- to BB on June 5, marking its first upgrade in 21 years. The move follows four years of fiscal surpluses, bringing the country closer to investment grade.

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FitchorganizationSouth Africaplacefiscal surplusestopicInvestment Gradetopic
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