Pravin Gordhan meets with 60 CEOs about how to avoid a ratings downgrade

(Click here to read "Pravin Gordhan is South Africa’s most powerful person - John Matisonn")

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.

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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

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