Goldman sees room for South Africa asset rally on credit upgrade

Polity Audio Articles · Sep 1, 2026 · 2m

Goldman sees room for South Africa asset rally on credit upgrade Markets are not pricing in the probability of South Africa's return to investment grade, leaving scope for government bonds, stocks and the rand to rally, according to Goldman Sachs Group Inc. The country could regain its investment status as soon as 2028 as ratings companies reward its improving finances and economic growth, a Goldman team including economist Andrew Matheny wrote in a note. "Our baseline is that South Africa regains its first IG rating in 2028, albeit with two-sided risks to timing," Matheny said. "Markets at…