Correctional Services said that “matters are under control” at Johannesburg’s Sun City Prison on Wed.
JAPAN-BASED rating agency Ratings and Investment Information has affirmed SA's foreign currency issuer rating of A-, and domestic currency issuer rating at A, and has changed the outlook on both ratings to stable from negative, the National Treasury said yesterday.
The Treasury welcomed the rating outcome, especially in the context of the global financial crisis. It said that the outcome was "a further sign of confidence in SA's credit story and stable macro-economic environment".
"After briefly slipping into recession last year, SA's economy is set to grow at 2,3percent this year, rising to 3,2percent in 2011," it said.
In reviewing its position, the agency noted the steady capital inflows into the country , the maintenance and continuity of macro-economic management , and believes SA can achieve its fiscal deficit reduction plan. - I-Net Bridge