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:

Read More
Trump to be ushered in as next American President

Trump to be ushered in as next American President

Professor John Stremlau says Trump has definitely focused himself primarily on domestic and not foreign policy.

Home Affairs takes on Oppenheimer family over VIP airport terminal

Home Affairs takes on Oppenheimer family over VIP airport terminal

The department's DG Mkuseli Apleni says Home Affairs cannot simply grant special immigration services to this wealthy family.

Absa's Maria Ramos speaks out on Public Protector's leaked report

Absa's Maria Ramos speaks out on Public Protector's leaked report

Absa CEO Maria Ramos says she trusts the Public Protector despite "factual and legal inaccuracies" findings in her leaked report.

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
'People are in pain! They want to see AB play Test Cricket!' - Neil Manthorp

'People are in pain! They want to see AB play Test Cricket!' - Neil Manthorp

John Maytham interviews famed cricket correspondent Neil Manthorp.

Culprits spotted deliberately starting fires in the Cape

Culprits spotted deliberately starting fires in the Cape

Chief Fire Officer at Overberg District Municipality says arson is a problem they are all too familiar with.

Exasperated listener (and Kuga owner) recounts shocking service from Ford

Exasperated listener (and Kuga owner) recounts shocking service from Ford

It’s getting worse and worse for Ford, as this report of shocking service shows. John Maytham interviews a frustrated listener.