On Friday Finance Minister Pravin Gordhan met with about 60 CEOs to discuss how South Africa could avoid a credit downgrade.
The Money Show’s Bruce Whitfield interviewed Peter Bruce, Editor-in-Chief of Business Day and Financial Mail.
Scroll down for quotes from the audio below.
Pravin is being proactive.— Peter Bruce
They want something in place before the State of the Nation Address and The Budget.— Peter Bruce
Ratings agencies want to see an improvement in the debt-to-GDP ratio.— Peter Bruce
Government will have to be able to walk away from SAA.— Peter Bruce
Pravin Gordhan has been very good with Business.— Peter Bruce
This is about who is going to save the President.— Peter Bruce
The unions will have to come into this at some stage.— Peter Bruce
You either do something like privatise SAA or you get a downgrade.— Peter Bruce
South Africa spends R650 million per day on interest on its debt.— Peter Bruce