Business News 25.7.2017 06:33 pm

PIC warns of risk of further downgrades

Gigaba said the PIC had also warned that South Africa risked exclusion from the world government bond index.

The Public Investment Corporation (PIC) believes that South Africa remains at risk of further credit rating downgrades given sluggish growth and a lack of confidence in the economy, Finance Minister Malusi Gigaba said on Tuesday in reply to a written parliamentary question.

PIC warns of risk of further downgrades
PIC warns of risk of further downgrades

PIC warns of risk of further downgrades

Gigaba said the PIC had also warned that South Africa risked exclusion from the world government bond index.

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