Lesetja Kganyago on holding on to investment grade rating

SA Reserve Bank governor Lesetja Kganyago. Picture: BUSINESS DAY/FREDDY MAVUNDA

“SA’s credit rating is in the hands of SA policymakers,” Kganyago said in an interview with Bloomberg Television at the annual meetings of the IMF and World Bank in Washington on Thursday. “South African policymakers know exactly what must be implemented so that Moody’s do not venture” to a downgrade, he said.

While the central bank usually refrains from commenting on fiscal policy, Kganyago and his monetary policy committee have over the past year become more vocal on the urgent need for reforms, especially amid suggestions that the economy should be boosted by cutting interest rates.

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Gauteng matrics write exam despite load shedding - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Gauteng Education Department says despite a few glitches that load shedding caused, the majority of the grade 12 learners were able to write the Information Technology exam on Friday.
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