Moodys says SA's rating outlook may remain negative due to the expected downside risk to fiscal sustainabilitity

Moodys says South Africa's rating outlook may remain negative due to the expected downside risk to fiscal sustainability, continuing debt, high interest payments and the continued challenges facing Eskom. Moody's experts panel says while the country's challenges were exacerbated by the pandemic, it entered the crisis from a position of weakness. Moody's analysts say the 3% drop in government revenue was significantly high compared to other emerging market economies. Moody's officials were addressing a webinar discussing the Resilience of the South African Economy following the Covid-19 pandemic