RATINGS
S&P points to where reshuffle hurt most
S&P South African sovereign analyst says there were strong green shoots under former finance minister Pravin Gordhan
20 April 2017 - 05:10
S&P Global Ratings said on Wednesday the cabinet reshuffle that saw former finance minister Pravin Gordhan and his deputy Mcebisi Jonas’s axing had hurt the relationship between business and government. Speaking during a debate at Wits Business School on the effect of a credit rating downgrade, S&P South African sovereign analyst Gardner Rusike said there were strong green shoots under Gordhan. "There was an element of government and business and labour which reduced the strikes seen in 2012 and had a relationship that could improve business confidence.
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