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A special Cabinet meeting is due to take place to address the recent credit ratings downgrades by S&P and Fitch. Speaking to investors at the Development Bank of Southern Africa (DBSA) on Wednesday‚ Finance Minister Malusi Gigaba said: "The president’s decision to convene a special Cabinet meeting arises from the two recent downgrades and his feeling that we need to take Cabinet on board and into our confidence with regards to the implications of this downgrade."

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