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Gordhan's golden touch kept SA from junk - economist

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Herman Verwey City Press
Herman Verwey City Press

Cape Town - Former finance minister Pravin Gordhan's steady hand maintained South Africa's investment-grade credit rating amid a brittle financial and economic environment.

So says Professor Jannie Rossouw, who is the head of the School of Economic and Business Sciences at Wits University. He isn't alone in this view either.

Former finance minister Nhlanhla Nene said in an interview with CNBC he had no doubt that Gordhan would have staved off South Africa's first credit ratings downgrade in 17 years. The downgrade was anticipated since Nene was abruptly replaced in December 2015.

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