# Goldman Sachs Group believes South Africa could regain its investment status as soon as 2028, as ratings companies reward the country’s improving finances and economic growth. Its analysis suggests scope for the government ten-year local-currency yield to fall more than 100 basis points to 7.6-percent. Goldman economist Andrew Matheny says they expect better fiscal dynamics, firmer growth and a stronger policy backdrop to drive credit upgrades over the next year. S&P Global Ratings and Moody’s Ratings have South Africa two notches below investment grade, with positive outlooks.
Goldman Sachs Group sees South Africa returning to investment grade by 2028