International agency raises red flags for South Africa

• Fitch Ratings expects South Africa's debt as a percentage of gross domestic product to rise again in 2028-29 to 79% of GDP, a modest increase from the previous two fiscal years.
• Moody's sees debt on a downward path, peaking in the last fiscal year and set for a 'clear, albeit gradual' decline.
• Moody's rates South Africa two notches below investment grade, with a positive outlook, and expects its next review on 27 November.