Ratings agency Standard and Poor’s will today make its decision public on South Africa’s credit rating.

A government expenditure review has found that government could save 20% on its current property leases over the next three years.

According to Instinctif Partners, the rapid acceleration in the depreciation of the South African exchange rate in December 2015 has widely been seen as evidence of South Africa’s poor macro policy and ultimately a reflection of worsened foreign investor sentiment following the controversial changes at the National Treasury.