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S.Africa could aim to shed ‘junk’ rating in about two years, Finance Minister says at Davos
7:42 CAT | 21 Jan 2025
FILE - South Africa's Finance Minister Enoch Godongwana speaks at the press conference ahead of his 2024 medium-term budget policy statement in Cape Town, South Africa, October 30, 2024. [File photo; Reuters/Shelley Christians]
South Africa’s Finance Minister Enoch Godongwana told Reuters at the World Economic Forum’s annual meeting in Davos, Switzerland, that the country could aim to regain its investment-grade credit rating in about two years from now.
Godongwana said in an interview that the focus for now was on implementing structural reforms to lift South Africa’s potential economic growth rate.
On a debate around changing the country’s inflation target, something he would need to sign off on, he said the current 3%-6% target range was working well.
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