Reuters logo
CORRECTED-Fitch's BMI says ANC in-fighting to hit South African growth
September 29, 2017 / 11:00 AM / 19 days ago

CORRECTED-Fitch's BMI says ANC in-fighting to hit South African growth

(Corrects to make clear report is authored by Fitch’s BMI research unit, not Fitch Ratings.)

JOHANNESBURG, Sept 28 (Reuters) - South Africa’s economic growth will be significantly hampered by increasing political uncertainty in the run-up to the ruling African National Congress’s leadership contest in December, Fitch’s BMI research unit said on Thursday.

In a report, BMI said a turn to more “radical rhetoric and policy positions by the traditionalist wing of the party” would weigh on investor confidence.

Fitch downgraded South Africa’s foreign-currency rating to speculative grade, or junk, following an abrupt cabinet reshuffle in March. (Reporting by Mfuneko Toyana; Editing by Tiisetso Motsoeneng)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below