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Statistics South Africa's rebasing and benchmarking exercise raised the measured size of the economy, lifting 2022 GDP from R6.67 trillion to R6.99 trillion and revising 2018 to 2023 levels upward by an average of 4.2%. Investec's Annabel Bishop expects Moody's to upgrade the country's credit rating in the near term because the revision lowers the debt-to-GDP ratio.
The revision is a statistical restatement rather than new production, so it has little direct effect on feed or grain demand. A possible rating upgrade could support the rand and lower South African borrowing costs over time.
iol.co.zaNicola MawsonNov 2, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
