JOHANNESBURG (Reuters) – A Moody’s senior credit officer said on Thursday that South Africa’s government still faced spending pressures, despite significant revenue outperformance in the 2022 budget that supported fiscal consolidation efforts.
Aurelien Mali, vice president and senior credit officer at Moody’s, cited financial support to state companies, negotiations over the public sector wage bill and social demands after riots last year among spending pressures in a statement sent to Reuters, adding they represented a risk to the country’s debt stabilisation trajectory.
(Reporting by Alexander Winning; Editing by Promit Mukherjee)
