Finance Minister Pravin Gordhan gave his report back today on his trip abroad where he tried to convince ratings agencies to give South Africa time to make changes before downgrading the country.
The Money Show’s Bruce Whitfield spoke to the Midday Report’s Stephen Grootes.
Scroll down for quotes from the audio below.
What's the plan if we get downgraded? Get upgraded. It's a simple plan, but it's not as simple to do. Once you get downgraded, on average, it takes you five years, or more, to work your way up again. So, you don't want to end up there as a country, for whatever reason.— Pravin Gordhan
The mood was quite upbeat. I’ve never seen business, labour and government getting on so well together!— Stephen Grootes
The unions aren’t as powerful as they were.— Stephen Grootes
Recommendedby NEWSROOM AI
To hike interest rates, or not to hike interest rates? Bruce Whitfield interviews Standard Bank Chief Economist Kevin Lings.
The Money Show’s Bruce Whitfield interviews Celeste Fauconnier, co-author of RMB’s 2019 “Where to Invest in Africa” report.
The Money Show's Bruce Whitfield interviews Jeremy Berke (Business Insider) and Unathi Henama (Tshwane University of Technology).
Recession, soaring fuel costs and surplus capacity - yet profits keep coming! Bruce Whitfield interviews Comair CEO Erik Venter.
Goldman Sachs MD Colin Coleman was in London with Finance Minister Pravin Gordhan. He gives feedback...
London-based Peter Attard Montalto, Emerging Markets Economist at Nomura, discusses how Pravin Gordhan’s delegation is doing.
The submissions are currently with the Council for Medical Schemes for consideration.
Eyewitness News reporter Shamiela Fisher gives a summary of the court proceedings for Sean Davison.
The DA has announced Alan Winde as the Premier of the Western Cape to take over from Helen Zille.
Callers on the Eusebius McKaiser Show discuss the ConCourt's ruling to decriminalize dagga.
Prof Jonathan Jansen sings Volmink's praises as Dan Plato is elected to lead the City of Cape Town taking over from De Lille.
International law enforcement expert and former Drug Unit Commander Lobo das Neves says ruling opens a different can of worms.
If you’re a baby boomer on the brink of retirement, here are a few things to consider ahead of time.