Lungisa Fuzile is the director-general at the National Treasury: P1 BUSINESS DAY TV: SA’s investment grade credit rating has survived the first round intact with Fitch on Friday stopping short of cutting its rating while Moody’s held off on reviewing its credit rating. The focus is now on Standard & Poor’s (S&P Global Ratings), which decides on Friday whether to put SA into the junk category of sovereign debt. So how much of this is due to the concerted efforts made by government, business and labour this year to show a unified front and what’s riding on our investment grade rating? Director-general of the National Treasury Lungisa Fuzile joins us on the line. Lungisa ... so the Finance Minister Pravin Gordhan described the Fitch outcome as a fantastic achievement, but how much of an achievement can it be described as if we are moving a step backward. It was a negative outlook put onto the rating and Business Day’s editorial today saying it was more reprimands than reprieves that we...
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