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Sacci: SA must act on Fitch concerns

Johannesburg - South Africa needs to address the concerns that led to ratings agency Fitch's revision of the country's long-term foreign credit rating outlook, the SA Chamber of Commerce and Industry (Sacci) said on Monday.

"To address these concerns, South Africa needs to increase the rate of investment, savings, and job creation," said Sacci CEO Neren Rau.

"It is also paramount that economic policies be transparent, predictable, consistent with future debt sustainability, and supportive of business growth."

Fitch revised South Africa's rating from stable to negative at the weekend.

Fitch ratings are seen as indicators of countries' ability to repay their loans.
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