Fitch downgrades outlook for South Africa

Fitch downgrades outlook for South Africa to “negative”.  Ferial Haffajee highlights a difference in reasons given by Treasury (blame the international economy) and Fitch (unemployment).

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.