South Africa has finally turned the corner

• South Africa has indeed turned the corner from a fiscal standpoint, thanks to a bumper start to the year by the South African Revenue Service.
• The country has achieved primary budget surpluses for three consecutive years, with fiscal targets and promises being kept, and borrowing costs declining, despite global market turmoil.
• The positive rating moves by global agencies such as S&P, Moody's, and Fitch, and the government's efforts to make spending more efficient and effective, are expected to continue supporting South Africa's economic trajectory.