Finance news about to hit the market, page-239

Something more positive on this thread for a change.Due to growth in 2021, Moody’s moved South Africa’s overall investment outlook to stable. However, it kept South Africa’s sovereign debt at sub-investment grade. S&P in May 2022 upgraded its overall investment outlook to positive from stable, citing an improved fiscal trajectory. In November 2022, it maintained its positive outlook on South Africa, as the agency expects that a net external creditor position and the implementation of some structural reforms could lead to an easing of economic pressures. In March 2023, the ratings agency downgraded South Africa’s status from positive back to stable due to the impact of persistent electricity shortages and infrastructure constraints on economic growth.Despite structural challenges, South Africa remains a destination conducive to U.S. investment as a comparatively low-risk location in Africa, the fastest growing consumer market in the world. Google (US) invested approximately USD 140 million, and PepsiCo invested approximately USD 1.5 billion in 2020. Ford announced a USD 1.6 billion investment, including the expansion of its Gauteng province manufacturing plant in January 2021.
Bring on the finance !Regards.