Zuma welcomes Standard & Poor's decison on junk status

2016-06-04 13:05
President Jacob Zuma (File, AP)

President Jacob Zuma (File, AP)

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WATCH: Why should we care about junk status?

2016-06-03 17:41

Ratings agency Standard and Poor's was set to announce its decision on South Africa's economic standing on Friday afternoon.WATCH

Cape Town - President Jacob Zuma has welcomed the decision by Standard and Poor's to maintain South Africa's investment rating, the Presidency said in a statement on Saturday.

"I congratulate Team South Africa constituted by government, business and labour for the sterling work that has been done over the last few months to turn our economy around," Zuma said.

"The decision by Standard and Poor's tonight, which follows on the footsteps of yet another encouraging decision by Moody's demonstrates that working together we can reignite our economy, attract investment and create jobs for our people".

"Let us use these positive developments to work even harder together to move South Africa forward," said Zuma.

Read more on:    standard & poor's  |  jacob zuma  |  economy

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