S&P leaves SA's sovereign credit rating unchanged

Ratings agency, S&P Global kept the country's sovereign credit rating unchanged and kept its outlook stable with the view that economic growth will pick up modestly over the next year. Treasury and business leaders have widely welcomed the decision but the agency however has warned that it will lower South Africa's ratings if the implementation of land expropriation without compensation compromises investment and the economic outlook. Ravi Bhatia, Director of Sovereign Ratings at S&P Global joined Business Day TV in a telephonic interview for more insight into their decision.