Moody's places downgrade on South Africa on review

Finance minister, Pravin Gordhan, on Wednesday announced that ratings agency Moody's has placed the downgrade on South Africa on review.

Listen to the interview below:

We have a good story to tell. Clearly, we need to prove to ourselves and to them that we're capable of working together to grow our economy and create jobs.

Pravin Gordhan, finance minister

Downgrades are not nice, reputationally and practically, particularly if we follow countries like Brazil and move into junk grade.

Pravin Gordhan, finance minister

John Robbie asks Minister Gordhan about his public spat with SARS Commissioner Tom Moyane and how he is dealing with the Hawks 27 questions.

I've been given work to do on the 13th of December last year, which is a privilege and opportunity to serve South Africa in this position and I intend to continue to do so.

Pravin Gordhan, finance minister

We need to introduce the right ethics and values and ensure that all of us as South Africans do the right thing. If that means a clean up then so be it.

Pravin Gordhan, finance minister

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