Plan doesn’t affect outlook – S&P

A senior analyst at S&P Global said President Cyril Ramaphosa’s stimulus plan doesn’t affect the stable outlook on SA’s sovereign rating.

Ramaphosa said last week that government would use R50 billion of “reprioritised expenditure and new project-level funding” to boost growth.

“It seems the plan will not impact upon the fiscal bottom line but rather do reallocations and focus on implementation,” said Ravi Bhatia. – Reuters