Global ratings agency, S P has maintained the South Africa's sovereign credit rating at double-B, keeping its outlook positive.
?The agency expects improved tax collections and strict spending controls to speed up fiscal consolidation through 2029. This is expected to reduce government debt as a percentage of Gross Domestic Product GDP.
?S P also praises the governments stronger revenue performance. It says that the extra funds allowed the state to shield vulnerable households and also helped introduce recent temporary fuel levy relief - without damaging its long-term financial health.
