South Africa doing well if you strip out growth says Moody’s

South Africa measures favourably in most indices bar economic growth, which the Treasury has forecast will be 0.5 percent this year, a Moody’s representative said on Tuesday.

“South Africa is doing relatively well in a lot of the indices when you strip out growth … and when we look at a sovereign rating you’ve got to look through the cycle,” Moody’s country representative Sylvia Chahonyo told a business conference.

Moody’s rates South Africa two notches above subinvestment grade with a negative outlook and is due to publish its next review in December.

Credit: CNBC Africa