Readers of the Book of Revelation have long prophesied that credit ratings agency Moody’s post-budget day of judgment will be preceded by the arrival of the four horsemen of the apocalypse, representing war, famine, pestilence and death.

President Cyril Ramaphosa has tried to defy such gloomy prophesies by unleashing instead the three great elephants of the liberation movement: mineral resources & energy minister Gwede Mantashe, public enterprises minister Pravin Gordhan and finance minister Tito Mboweni.

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