International Credit

South Africa Credit Risk Update

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Zimbio.com photo
South African President Jacob Zuma, shown above, was all smiles during the 2010 FIFA World Cup held in the country.

Increased signs of political unrest in South Africa, the contintent's most developed nation, prompted Moody's recently to lower its credit outlook on the country from stable to negative.  "Political uncertainty is overplayed."

"For the first time ever in the 16 years of freedom and democracy, we see black and white South Africans celebrating together in the stadiums and fan parks," said South African President Jacob Zuma during last year's World Cup hosted by the country.

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