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
No love lost between Trump and the media

No love lost between Trump and the media

Donald Trump shocks in longest media briefing since taking office, calling the media "dishonest and out of control".

ANC's Mothapo defends his appointment as new Parly spokesman

ANC's Mothapo defends his appointment as new Parly spokesman

Mothapo was the spokesperson for the African National Congress (ANC) in Parliament.

SACP takes swipe at Guptas

SACP takes swipe at Guptas

Gupta's lawyer says SACP report is devoid of facts and simply an attack on the economy.

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
Govt explains why it’s not considering dredging of dams to increase storage

Govt explains why it’s not considering dredging of dams to increase storage

Is it viable to dredge the Cape’s dams – while levels are low – to increase their storage capacity?

De Lille to name and shame water guzzlers #WaterWatch

De Lille to name and shame water guzzlers #WaterWatch

Over 20 000 people using over 50 000 l/month have been identified and admission of guilt fines will be made public on Monday.

Ex-cyclone Dineo to hit Limpopo, Mpumalanga overnight - SA Weather Service

Ex-cyclone Dineo to hit Limpopo, Mpumalanga overnight - SA Weather Service

Despite the downgrade, residents in parts of Limpopo and Mpumalanga can still expect flooding and heavy rains.

Eek! Cape Town Mayor Patricia de Lille goes door-to-door to scold water-wasters

Eek! Cape Town Mayor Patricia de Lille goes door-to-door to scold water-wasters

Water wasters, beware! The Cape Town Mayor has had enough of you. And she’ll tell you in your face…

Why the iconic Nokia 3310 is so appealing (and making a comeback!)

Why the iconic Nokia 3310 is so appealing (and making a comeback!)

The most resilient and reliable phone ever made is making a comeback and some are saying it's long overdue. Here's why.

Paul O’Sullivan's arrest is attempt to scupper case against Phahlane - Ipid

Paul O’Sullivan's arrest is attempt to scupper case against Phahlane - Ipid

The police watchdog boss says the investigation into acting National Police Commissioner Khomotso Phahlane is at an advanced stage.