The ANC takes policy decisions based on what it considers best for the economy rather than to try impress credit rating companies, secretary-general Gwede Mantashe says. "There’s one thing that we have agreed never to do, that’s for the ANC and its government to work to impress ratings agencies," Mantashe, the party’s third in command, said in an interview on Thursday in Johannesburg. "We should do the right thing and the ratings agencies must rate us on what we are doing." S&P Global Ratings and Fitch Ratings left their assessments of SA’s creditworthiness unchanged at one level above "junk" in June, while saying the government must take decisive steps to bolster growth, quell policy uncertainty and end political turmoil.
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