US labour market strengthens, Fitch rerates SA credit

In this podcast, STANLIB’s Chief Economist, Kevin Lings, discusses US labour market data, where the US created 172 000 jobs in May, way more jobs than anticipated, with the previous two months also revised higher. He also looks at Fitch’s decision to upgrade SA’s credit rating one notch to BB, still two notches below investment grade, with the rerating influenced by improvements in fiscal balances and progress on public-private partnerships in energy and logistics. He discusses what SA will need to do to get upgraded further, such as raising the growth rate up to 3% and beyond, and policy implementation.
STANLIB Asset Management (Pty) Ltd is an authorised Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.