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Gordhan squeezed in talks with ratings agencies

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Finance Minister Pravin Gordhan in Davos. (World Economic Forum/Greg Beadle)
Finance Minister Pravin Gordhan in Davos. (World Economic Forum/Greg Beadle)

Cape Town - Finance Minister Pravin Gordhan said he met with three ratings agencies, including 50 investors before he left the UK.

President Jacob Zuma instructed Gordhan to immediately return from a post-Budget investor roadshow in the UK and US.

Gordhan will be fired, according to sources who said that Zuma informed the South African Communist Party about his decision. This will damage the economy with ratings decisions expected as soon as Friday, analysts have warned.

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