South Africa could achieve investment-grade status by 2028

• South Africa could achieve investment-grade status by 2028 as GDP growth accelerates and inflation is expected to decline.
• Investec raised South Africa's risk score to 1.5 points, citing stronger growth levels, improving macroeconomic factors, and a positive asymmetry in domestic risk assets.
• Achieving investment-grade status by 2028 could lead to a lower cost of borrowing for the government and a lower cost of capital for South African corporates, according to Investec.