Due to South Africa’s sustained economic growth the country was in good shape to deal with the electricity crisis, according to a ratings agency Standard & Poor’s (S&P) report released on Thursday. The Treasury had estimated that the power constraints would knock 0,6% off the country’s growth in 2008, a figure S&P said was ”plausible”.
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/ 13 February 2008
The MD of Standard and Poor’s (S&P) South Africa, Konrad Reuss, said on Wednesday that some of the recent pessimism in South Africa is completely overdone and that he does not feel the country is going to dip into a recession. South Africa currently has a "stable" foreign-currency rating by S&P.
Ratings agency Standard & Poor’s on Monday announced the launch of a new investable index for investors seeking exposure to environmentally responsible investment strategies. The index provides diversified, liquid exposure to 30 of the largest publicly listed companies operating in ecology-related industries.