Goldman Sachs shares good news about South Africa’s finances

• Goldman Sachs expects South Africa's credit ratings to be upgraded by both Moody's and S&P over the next year due to the country's revenue outperformance.
• South Africa's revenue growth was driven by a 5.5% increase in corporate tax collections to R385 billion, exceeding projections and previous year's collections.
• A credit rating upgrade would support South African fixed-income instruments and potentially attract more investment to the country.