The Cabinet has expressed confidence that SA will remain an investment-grade country. Minister in the Presidency Jeff Radebe said on Friday that the government and its social partners were fast-tracking interventions to turnaround the economy and address the concerns raised by credit rating agencies. "Cabinet remains confident that the path set out in the National Development Plan and government’s planned fiscal consolidation together with the implementation of the nine-point plan will help SA remain an investment-grade country," Radebe said at a post-Cabinet media briefing. He noted that the three major credit ratings agencies — Moody’s Investor Services, Fitch Ratings and Standard & Poor’s — had kept SA’s sovereign debt credit rating status above sub-investment grade. These decisions over the past few weeks have pulled SA back from the precipice of junk status. "Cabinet commends the effective partnership of Team SA — constituted by government, business, labour and all South Africa...
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