The African National Congress ANC has attributed the decision by the Standard and Poors S P Global Ratings to upgrade South Africas sovereign credit rating to accelerated economic reforms and the improvement in the performance of some State-Owned Enterprises SOEs.
This came out during a media briefing of the partys Economic Transformation Committee on the second day of the three-day National Executive Committee NEC meeting in Germiston, east of Johannesburg, on Saturday.
The S P decision follows the tabling of the Medium-Term Budget Policy Statement MTBPS earlier this week.