{"id":7031,"date":"2012-01-13T20:41:06","date_gmt":"2012-01-13T18:41:06","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/fitch-cuts-s-africas-outlook-to-negative\/"},"modified":"2012-01-13T20:41:06","modified_gmt":"2012-01-13T18:41:06","slug":"fitch-cuts-s-africas-outlook-to-negative","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/fitch-cuts-s-africas-outlook-to-negative\/","title":{"rendered":"Fitch cuts S.Africa&#8217;s outlook to negative"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Jan 13 (Reuters) &#8211; Fitch cut South<br \/>\nAfrica&#8217;s rating outlook to negative from stable on Friday,<br \/>\nsaying it had seen limited progress on several long-standing<br \/>\nstructural issues that have over time caused the country&#8217;s<br \/>\neconomic performance to fall behind its peers.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The rand fell 1.5 percent against the dollar after<br \/>\nthe move, while South Africa&#8217;s 5-year credit default swaps rose<br \/>\n10 basis points.<\/p>\n<p><span><\/span><\/p>\n<p>Fitch, which has a BBB+ rating on South Africa, said the<br \/>\ncountry&#8217;s inability to create jobs, with an unemployment rate of<br \/>\naround 25 percent, was putting pressure on growth and narrowing<br \/>\nthe tax base.<\/p>\n<p><span><\/span><\/p>\n<p>The ratings agency said the country&#8217;s external finances,<br \/>\nthough still better than its peers, were deteriorating and a<br \/>\nfailure to accelerate growth would weaken the country&#8217;s credit<br \/>\nfundamentals.\t<\/p>\n<p> (Reporting by Xola Potelwa; Editing by Susan Fenton)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG Jan 13 (Reuters) &#8211; Fitch cut South Africa&#8217;s rating outlook to negative from stable on Friday, saying it had seen limited progress on several long-standing structural issues that have over time caused the country&#8217;s economic performance to fall behind its peers. The rand fell 1.5 percent against the dollar after the move, while South [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7031","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7031"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7031\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}