Bud­get state­ment credit neg­a­tive

The Citizen (KZN) - - BUSINESS -

Rat­ings agency Moody’s said Fi­nance Min­is­ter Malusi Gi­gaba’s bud­get state­ment last week was credit neg­a­tive.

Moody’s and S&P Global are ex­pected to re­view SA’s credit rat­ings next month. The com­ments come af­ter Fitch crit­i­cised Gi­gaba’s bud­get speech for shift­ing away from fis­cal con­sol­i­da­tion ef­forts. –

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