SA may exit junk status by 2027, says Godongwana

Ratings update
South Africa may regain its status as an investment grade destination, its finance minister has said
BLOOMBERG NEWS
  • 6 Ure Gelede - - 2025-01-22 00:00:00
South Africa may be able to regain an investment-grade credit rating within two years, Finance Minister Enoch Godongwana said.The nation obtained a full house of junk ratings in 20
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Katima Mulilo: 19° | 28° Rundu: 18° | 27° Eenhana: 18° | 23° Oshakati: 20° | 27° Ruacana: 18° | 26° Tsumeb: 18° | 27° Otjiwarongo: 17° | 29° Omaruru: 18° | 34° Windhoek: 20° | 31° Gobabis: 20° | 32° Henties Bay: 19° | 23° Swakopmund: 18° | 19° Walvis Bay: 19° | 24° Rehoboth: 21° | 32° Mariental: 21° | 34° Keetmanshoop: 25° | 36° Aranos: 23° | 34° Lüderitz: 15° | 26° Ariamsvlei: 22° | 38° Oranjemund: 15° | 25° Luanda: 25° | 26° Gaborone: 19° | 33° Lubumbashi: 15° | 23° Mbabane: 16° | 27° Maseru: 15° | 31° Antananarivo: 17° | 23° Lilongwe: 18° | 27° Maputo: 21° | 33° Windhoek: 20° | 31° Cape Town: 21° | 28° Durban: 21° | 28° Johannesburg: 18° | 30° Dar es Salaam: 26° | 33° Lusaka: 17° | 25° Harare: 15° | 25° Currency: GBP to NAD 22.92 | EUR to NAD 19.09 | CNY to NAD 2.5 | USD to NAD 18.09 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3 | RUB to NAD 0.17 | INR to NAD 0.21 | USD to DZD 132.89 | USD to AOA 910.98 | USD to BWP 13.67 | USD to EGP 49.54 | USD to KES 129.61 | USD to NGN 1678.72 | USD to ZAR 18.09 | USD to ZMW 26.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 84845.88 Up +0.13% | Namibian Stock Exchange (NSX) Overall Index 1835.78 Up +0.17% | Casablanca Stock Exchange (CSE) MASI 15768.92 Down -1.25% | Egyptian Exchange (EGX) 30 Index 29826.58 Up +0.70% | Botswana Stock Exchange (BSE) DCI 10073.16 Up +0.11% | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 750.87/OZ UP +0.24% | Copper US$ 4.29/lb DOWN -0.0017 | Zinc US$ 2 922.30/T DOWN -0.01% | Brent Crude Oil US$ 79.45/BBP DOWN -0.0006 | Platinum US$ 958.89/OZ UP +0.37% Sport results: Weather: Katima Mulilo: 19° | 28° Rundu: 18° | 27° Eenhana: 18° | 23° Oshakati: 20° | 27° Ruacana: 18° | 26° Tsumeb: 18° | 27° Otjiwarongo: 17° | 29° Omaruru: 18° | 34° Windhoek: 20° | 31° Gobabis: 20° | 32° Henties Bay: 19° | 23° Swakopmund: 18° | 19° Walvis Bay: 19° | 24° Rehoboth: 21° | 32° Mariental: 21° | 34° Keetmanshoop: 25° | 36° Aranos: 23° | 34° Lüderitz: 15° | 26° Ariamsvlei: 22° | 38° Oranjemund: 15° | 25° Luanda: 25° | 26° Gaborone: 19° | 33° Lubumbashi: 15° | 23° Mbabane: 16° | 27° Maseru: 15° | 31° Antananarivo: 17° | 23° Lilongwe: 18° | 27° Maputo: 21° | 33° Windhoek: 20° | 31° Cape Town: 21° | 28° Durban: 21° | 28° Johannesburg: 18° | 30° Dar es Salaam: 26° | 33° Lusaka: 17° | 25° Harare: 15° | 25° Economic Indicators: Currency: GBP to NAD 22.92 | EUR to NAD 19.09 | CNY to NAD 2.5 | USD to NAD 18.09 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3 | RUB to NAD 0.17 | INR to NAD 0.21 | USD to DZD 132.89 | USD to AOA 910.98 | USD to BWP 13.67 | USD to EGP 49.54 | USD to KES 129.61 | USD to NGN 1678.72 | USD to ZAR 18.09 | USD to ZMW 26.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 84845.88 Up +0.13% | Namibian Stock Exchange (NSX) Overall Index 1835.78 Up +0.17% | Casablanca Stock Exchange (CSE) MASI 15768.92 Down -1.25% | Egyptian Exchange (EGX) 30 Index 29826.58 Up +0.70% | Botswana Stock Exchange (BSE) DCI 10073.16 Up +0.11% | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 750.87/OZ UP +0.24% | Copper US$ 4.29/lb DOWN -0.0017 | Zinc US$ 2 922.30/T DOWN -0.01% | Brent Crude Oil US$ 79.45/BBP DOWN -0.0006 | Platinum US$ 958.89/OZ UP +0.37%


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