RATINGS REPRIEVE: Moody’s gives SA a ratings tailwind, but we’re still not out of junk territory

May 24, 2026

Illustrative Image: Cape Town Port. (Photo: Getty Images / Bloomberg / Dwayne Senior) | Electrical pylon(Photo: Magnific) | Money. (Image: Istock) | (By Daniella Lee Ming Yesca) South Africa has received its first positive outlook revision from Moody’s since 2007, but the ratings agency is still keeping the country two notches below investment grade. This tells us that better fiscal discipline is being noticed, but the hard work is far from over.

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