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Gordhan: We're working hard to avert downgrade

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Finance Minister Pravin Gordhan at the Discovery Summit 2016. (Pic: Gareth van Zyl, Fin24)
Finance Minister Pravin Gordhan at the Discovery Summit 2016. (Pic: Gareth van Zyl, Fin24)

Johannesburg - Government, business and labour have done “phenomenal” work in trying to prevent a credit ratings downgrade, says finance minister Pravin Gordhan.

Gordhan, who was speaking at the Discovery Leadership Summit 2016 in Sandton on Monday, was asked about whether he would be the fall guy if South Africa is downgraded to junk status.

In coming weeks, credit ratings agencies such as Moody’s will decide whether or not to downgrade South Africa.

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