for subscribers

SA's sovereign credit rating still a priority - Gigaba

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg – New Finance Minister Malusis Gigaba said that government is committed to maintaining an investment grade credit rating.

He was speaking at a press briefing in Pretoria on Saturday. His newly appointed deputy Sfiso Buthelezi as well as Treasury’s Director-General Lungisa Fuzile were at the briefing. Gigaba made assurances of Treasury’s position in engaging with ratings agencies as well as various stakeholders to remain investment grade.

He said it was important to ensure South Africa’s access to investment capital at fair and manageable interest rates.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.47
(-0.12)
ZAR/GBP
22.84
(-0.31)
ZAR/EUR
20.65
(-0.32)
ZAR/AUD
12.51
(-0.05)
ZAR/JPY
0.16
(-0.20)
Gold
1928.49
(+0.36)
Silver
25.81
(+0.72)
Platinum
932.00
(+0.27)
Brent Crude
45.32
(+2.09)
Palladium
2143.19
(+0.52)
All Share
57038.55
(-0.66)
Top 40
52731.41
(-0.74)
Financial 15
10066.93
(-0.72)
Industrial 25
75660.18
(-0.72)
Resource 10
58558.18
(-0.74)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 980 votes
It depends on how the funds are used.
74% - 6497 votes
No. We should have gotten the loan elsewhere.
15% - 1347 votes
Vote