A downgrade by S&P would be unfair - Zweli Mkhize

ANC Treasurer General Zweli Mkhize says the government has done enough to secure the country's economic future.

Mkhize spoke at an Investec breakfast meeting in Sandton as the country continues to wait for the S&P Global Ratings decision.

EWN reporter Clement Manyathela says Mkhize believes as a country South Africa has reached a threshold and the economy is recovering, and it would be unfair for the economy of this country to be downgraded.

He started off by saying the violent and destructive violent action is currently being looked at by the current government. He said the fact that these discussions are currently underway is a sign that shows the country is trying to avoid being downgraded to junk status.

Clement Manyathela, EWN reporter

He also touched on the minimum wage. He says the fact that the proposal has been put on the table speaks volumes.

Clement Manyathela, EWN reporter

Mkhize also indicated that they have mentioned all this to the ratings agency to show them that there are measures in place to ensure proper growth in the economy.

After months of assessing South Africa's economic and political affairs, S&P is expected to give its review verdict on Friday.

To hear more of what Mkhize said at the breakfast meeting, listen below:


This article first appeared on CapeTalk : A downgrade by S&P would be unfair - Zweli Mkhize


Recommended

by NEWSROOM AI
Read More
Wits Nehawu members down tools over salaries

Wits Nehawu members down tools over salaries

Nehawu Wits acting secretary Tumisho Madihlaba says negotiations with management deadlocked resulting in a strike.

Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment

Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment

‘Documents show that the fee contract was entered into by Anoj Singh & signed off by the acting CEO Sean Maritz' - Chris Yelland

May the Fourth be with you, a celebration of Star Wars Day

May the Fourth be with you, a celebration of Star Wars Day

May 4 marks "May the Fourth be with you," Day celebrated by fans George Lucas' fans of his Star Wars global movie franchise.

South Africa counts down to last rating agency announcement today

South Africa counts down to last rating agency announcement today

Standard & Poor’s Global will today announce whether it is downgrading South Africa and analyst predicts it will remain unchanged.

Fitch keeps SA credit rating unchanged

Fitch keeps SA credit rating unchanged

Fitch has listed a number of issues, including increase in political risks standards of governance, as factors to its decision.

Minimum wage panel set to announce new wage proposal - Ramaphosa

Minimum wage panel set to announce new wage proposal - Ramaphosa

The Deputy President addressed Fedusa conference in Johannesburg on Friday and reported back on his meeting with ratings agencies.

Popular articles
 'When languages are being let go of in favour of English, we lose identity'

'When languages are being let go of in favour of English, we lose identity'

Joanne Joseph spoke to Play Africa founder and CEO Gretchen Wilson-Prangley on International Language Day.

'There is a stated commitment to deal with TRC cases but it's taking too long'

'There is a stated commitment to deal with TRC cases but it's taking too long'

Former commissioner Yasmin Sooka says it has been a 16-year battle trying to get the NPA to prosecute TRC-related cases.

We have invested heavily in driver and passenger safety - Uber

We have invested heavily in driver and passenger safety - Uber

Uber Sub-Saharan Africa general manager Alon Lit says their prices have not changed drastically since 2013.

 Tegeta's R3.7-billion coal supply contract with Eskom set aside

Tegeta's R3.7-billion coal supply contract with Eskom set aside

SIU spokesperson Kaizer Kganyago says the court has given the unit the green light to institute legal action against the company.

Protesters torch two suspected drug dens in Parow over Tazne van Wyk killing

Protesters torch two suspected drug dens in Parow over Tazne van Wyk killing

Eyewitness News reporter Lizelle Persens gives an update from the protest in Parow.

[LISTEN]  Craig Urbani talks Rocky Horror and playing Frank-N-Furter

[LISTEN] Craig Urbani talks Rocky Horror and playing Frank-N-Furter

The actor and singer joined Azania Mosaka in studio for this week's Friday Profile.

[WATCH] Glimpse of Simon & Garfunkel Songbook performance

[WATCH] Glimpse of Simon & Garfunkel Songbook performance

Make sure you don't miss the Simon & Garfunkel Songbook national tour taking place in Johannesburg, Cape Town and Sasolburg.

Azania, Bongani queue for new model flip phone

Azania, Bongani queue for new model flip phone

PARTNER CONTENT: Samsung's new Galaxy Z Flip has South Africa, and our presenters, abuzz - and it launched in SA today!

Jacob Zuma is coming back to Mzansi, supporters told to gather at OR Tambo

Jacob Zuma is coming back to Mzansi, supporters told to gather at OR Tambo

Committee member of the Gauteng RET Zuma supporters Carl Niehaus says supporters must arrive before 10am.

Dudu Myeni 'unwilling to spend her money on delinquency case, feels targeted'

Dudu Myeni 'unwilling to spend her money on delinquency case, feels targeted'

Organisation Undoing Tax Abuse chief legal officer Advocate Stefanie Fick shares the latest.