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SA rating may not change over next 24 months

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Johannesburg - South Africa’s credit rating is unlikely to change at another review in June or in the next 24 months, but an electricity crunch will shave 0.3% off this year's economic growth, Standard & Poor's said.

In its macroeconomic outlook on Monday, S&P forecast growth of over 2% this year, which would accelerate in 2016 and beyond.

But it warned that wage demands from the public sector, which are well above the inflation rate, and funding the cash-strapped power utility Eskom were a risk to growth.

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