# SA's economy gets R371bn boost on paper as Moody's upgrade looms

> 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.

- Date: 2026-11-02 · published 2026-11-03T00:11:19.891Z
- Category: report · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/76441-sa-s-economy-gets-r371bn-boost-on-paper-as-moody-s-upgrade-looms
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

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.

## Sources

- iol.co.za: https://iol.co.za/business/economy/2026-11-02-sas-economy-gets-r371bn-boost-on-paper-as-moodys-upgrade-looms/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.