S&P Monitors South Africa Coalition and Regional Risks
S&P is monitoring South Africa's coalition stability and reform momentum. The agency warned that Middle East conflict risks could impact African sovereigns.
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S&P GLOBAL INC is monitoring South Africa's coalition stability following a court ruling that allows an impeachment hearing against President Cyril Ramaphosa over the Phala Phala scandal. The Constitutional Court cleared the hearing on Friday regarding the theft of $580,000 from the president's farm. Political instability threatens the fiscal reforms that triggered South Africa's first credit rating upgrade in two decades last November.
