for subscribers

Gordhan: SA can deliver positive message to rating agencies

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Minister of Finance Pravin Gordhan (Netwerk24)
Minister of Finance Pravin Gordhan (Netwerk24)

Johannesburg – To avoid a downgrade to junk status, South Africans should do their best to “galvanise positivity” ahead of rating agencies’ visit to the country next week, Finance Minister Pravin Gordhan said in Sandton on Tuesday.

He was speaking at the 2016 Sunday Times Top 100 Companies awards ceremony, where he was named business leader of the year. The event recognises the top performing companies on the JSE. 

“We need to use that resilience and not forget that we are a hopeful people. We will get the best results possible even in a difficult situation,” he said. Gordhan referred to the difficulties the country is currently facing, and said surmounting them is not “impossible”.

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
16.91
(+0.01)
ZAR/GBP
21.70
(+0.35)
ZAR/EUR
19.82
(+0.25)
ZAR/AUD
12.05
(+0.30)
ZAR/JPY
0.16
(+0.05)
Gold
1884.60
(-0.62)
Silver
23.74
(-1.96)
Platinum
868.00
(-1.64)
Brent Crude
41.31
(-3.06)
Palladium
2295.00
(-0.00)
All Share
54396.56
(-0.20)
Top 40
50217.25
(-0.20)
Financial 15
9946.00
(-0.58)
Industrial 25
73553.62
(+0.27)
Resource 10
53757.58
(-0.55)
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% - 1392 votes
It depends on how the funds are used.
73% - 9011 votes
No. We should have gotten the loan elsewhere.
16% - 1989 votes
Vote