Stay out of our Cabinet, Gwede Mantashe tells rating agencies
The ANC secretary-general was reacting to reports that S&P’s Konrad Reuss warned a Cabinet reshuffle could hurt SA’s assessment
Rating agencies should not enter debates about succession in the ANC or Cabinet reshuffles, ANC secretary-general Gwede Mantashe said on Monday. S&P Global’s SA and sub-Saharan Africa MD Konrad Reuss reportedly said a Cabinet reshuffle could hurt SA’s assessment by the ratings agency. SA has been on tenterhooks over the prospect of a ratings downgrade since the removal of former finance minister Nhlanhla Nene at the end of 2015 sent shockwaves through the markets and political. "We are not working for a rating agent, we are working for a country … once they begin telling us who should be the next president … when to reshuffle … then it is dangerous," said Mantashe, speaking at a media briefing following the ANC’s January lekgotla.
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