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."

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.