Goldman Sachs Group Inc. expects an improvement in South Africa’s public finances to pave the way for a sovereign credit-rating upgrade on Friday, days after Finance Minister Enoch Godongwana delivers a budget update.
S&P Global Ratings, which assesses South Africa’s long-term foreign debt at BB-, three notches below investment grade with a positive outlook, is scheduledBloomberg Terminal to review the nation’s credit assessment at the end of the week.