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ZAR Sovereign Capital Fund Propriety Limited -- Moody's announces completion of a periodic review of issuers including South Africa, Government of

This publication is for information only, and does not announce a rating action. Moody's Investors Service ("Moody's") reviews all of its ratings periodically in accordance with regulations -- either annually or, in the case of governments and certain EU-based supranational organisations, semi-annually. Moody's conducts these periodic reviews through portfolio reviews in which Moody's reassesses the appropriateness of each outstanding rating in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.