Fitch warns SA's slow rate of vaccine roll-out poses risk to

Fitch warns SA's slow rate of vaccine roll-out poses risk to economy


Fitch warns SA’s slow rate of vaccine roll-out poses risk to economy
By Siphelele Dludla
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JOHANNESBURG - FITCH Ratings Agency on Friday warned that the Covid-19 pandemic would continue to pose risks for South Africa’s economy well into 2022 as vaccine roll-out was proceeding slowly.
Fitch said South Africa’s medium-term growth would remain low at less than 2 percent, a key rating constraint, complicating fiscal consolidation as reforms remained limited in scale and slow in implementation.
It said this will also limit the government's ability to contain the debt-to-GDP ratio.
“The government has secured enough doses to inoculate the adult population, but most will arrive only in the second half of 2021,” Fitch said.

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