Finance Minister Nene is optimistic about downgrade after Moody's meeting

In his first public address since being sworn in, Finance Minister Nhlanhla Nene addressed the media at a meeting hosted by the Federation of South African Trade Union (Fedusa) said those implicated involved in state capture need to held accountable.

EWN, reporter Katlego Sekhotho who attended the briefing said the minister touched on various issues including rating agencies, nuclear energy, and free education.

She said the minister met with rating agency Moody's and said it is difficult to predict what it plans to do with regard to a downgrade, however, the minister said he is optimistic.

The best thing that the South African government can do is lay a plan of implementation of how to grow the economy.

Katlego Sekhotho, EWN reporter

Listen to Katlego Sekhotho speak to Stephen Grootes about the briefing:


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