The Minerals Council South Africa has welcomed the announcement by ratings agency Moody’s that it is unlikely to downgrade South Africa’s sovereign risk rating, and its recognition of the many unique circumstances that sets South Africa apart from its peer group. “We note, however, their close scrutiny of the way in which the South African government will actively deal with its growing debt burden, as well as how and when the promised institutional changes at State-owned enterprises will be effected and start to deliver results,” the council said.
