Fitch keeps SA's credit rating at BB- with stable outlook

JOHANNESBURG - Global ratings agency Fitch has affirmed South Africa's credit rating at BB- with a stable outlook.

The agency cited weak economic growth, rolling blackouts, and increasing government debt for the stable outlook.

READ: ANC may lose majority in next elections: Fitch Ratings

Fitch says the unbundling of  Eskom into three divisions is moving slowly and it doesn't expect full separation before next year.

Meanwhile, Treasury says government will focus on raising GDP growth.

It says it will do this by improving the provision of electricity, logistics and enhancing the delivery of infrastructure.