Goldman flags upside for South Africa assets on possible credit upgrade
Goldman Sachs said markets are not pricing the chance of South Africa regaining investment-grade status, leaving room for government bonds, stocks and the rand to rally, per Bloomberg.
Goldman Sachs Group Inc. said markets are not pricing in the chance of South Africa regaining investment-grade status, leaving room for government bonds, stocks and the rand to rally, The bank said the potential upgrade could support South African assets.