Duncan Pieterse, South Africa treasury director-general, David Masondo, South Africa's deputy finance minister, Enoch Godongwana, South Africa's finance minister, Ashor Sarupen, South Africa's second deputy finance minister, Edward Kieswetter, commissioner of the South African Revenue Service (SARS), and Lesetja Kganyago, governor of South Africa's Reserve Bank (SARB), left to right, at a news conference before the presentation of the medium-term budget update in Cape Town, South Africa, on Wednesday, Nov. 12, 2025.Photographer: Dwayne Senior/Bloomberg
SA Investing
S&P upgrade ends 16-Year wait as Eskom, fiscal reforms pay off
S&P Global upgrades South Africa’s credit rating for the first time in 16 years, citing fiscal strength, Eskom’s profit, and improved economic outlook.
Key topics:
First rating upgrade in 16 years by a major agency
Eskom’s profit eases government debt risk
Fiscal surplus, tax gains bolster confidence and growth
Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.
Support South Africa’s bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here.
If you prefer WhatsApp for updates, sign up to the BizNews channel here.