Busisiwe Mavuso, CEO of Business Leadership South Africa, said in her weekly newsletter that the upgrade of SA's rating outlook by S&P Global to positive is hopefully the first of many steps toward regaining the investment grade credit rating lost at the start of the Covid crisis.
"It is a testament to the success of government in regaining control over its finances during the last few years, rescuing us from the road to the crisis the Zuma administration put us on."
She said the primary budget surplus that government achieved in the past financial year was an important milestone. It was spending less than it was getting from taxes and other revenue, excluding debt service costs, for the first time in many years.
"While the medium-term budget policy statement showed that it will miss revenue targets for this year, it nevertheless painted a picture of a government that is in control.
Bu hikaye The Citizen dergisinin November 19, 2024 sayısından alınmıştır.
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Bu hikaye The Citizen dergisinin November 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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