Crime, corruption keep South Africa’s S&P rating in check

S&P Global Ratings said it is closely monitoring the outcome of South Africa’s elections next week and subsequent government policies to address issues from crime to energy supply that have deterred investment. “We have seen investors being a little bit more cautious this year because of the election uncertainty,” S&P’s Zahabia Gupta said in an interview. “Post-elections, more political and policy stability could lead to increased investment activity.”