Fitch Ratings upgraded South Africa's credit rating to 'BB' from 'BB-', the first upgrade in 21 years, citing fiscal surpluses and debt management progress.

This after Moody’s recently affirmed the country’s rating and revised the outlook to positive

The upgrade marks a significant turnaround for South Africa after years of downgrades by major credit rating agencies and places the country among the few G20 nations to receive a…