SA under downgrade threat due to 'political volatility' - Reserve Bank Governor

South African Reserve Bank Governor Lesetja Kganyago says political risk is now being reflected in South Africa's 'weaker' exchange rate.

Speaking at the South African Chamber of Commerce (Sacci) Annual Conference in Kempton Park, Kganyago says the country is under threat of a credit ratings downgrade.

EWN reporter at the conference, Victor Magwedze, reports the Governor said the events that have heightened the perception that there is political volatility in country are not good for the economy.

He also says that it is important for leaders to resist the temptation to undermine the country's top institutions like the banking system, Chapter nine institutions and Reserve Bank.

Victor Magwedze, EWN reporter

Ours is a young democracy but a resilient one that has gone through worse.

Victor Magwedze, EWN reporter

Concerns of a possible downgrade came after National Prosecuting Authority's (NPA) decision to charge Finance Minister Pravin Gordhan with fraud.

Listen to Victor Magwedze to hear more about the conference...

Read More
State wins appeal in right to die case

State wins appeal in right to die case

High Court overturns right of terminally ill patient's right to an assisted death but Dignity SA says it will go to ConCourt.

Why Sfiso Ncwane was the superstar of SA music industry

Why Sfiso Ncwane was the superstar of SA music industry

Ncwane died from kidney failure at Fourways Life Hospital on Monday morning.

Overhaul planned for medical aid prescribed minimum benefits

Overhaul planned for medical aid prescribed minimum benefits

Council for Medical Schemes says bi-annual review will benefit consumers and will extend cover to more essential conditions.

Tight budget compelled 8% fee increase  - Wits

Tight budget compelled 8% fee increase - Wits

Yesterday Wits announced fee increase, and starts in-sourcing workers from January which was one of the Fees Must Fall demands.

Commission of inquiry into KZN political killings a waste of time - researcher

Commission of inquiry into KZN political killings a waste of time - researcher

KZN politicians want commission of inquiry to look into killings of politicians which began in build-up to municipal elections.

Ntlemeza not fit to be Hawks head - lobby groups

Ntlemeza not fit to be Hawks head - lobby groups

Freedom under Law and Helen Suzman Foundation challenging appointment of Berning Ntlemeza saying he is dishonest.