South Africa's economy is not in "recession territory" and there is a more than 50 percent chance ratings agencies will not downgrade it to "junk" status this year, Finance Minister Pravin Gordhan said on Tuesday.
South Africa not in "recession territory"
Treasury also plans to stick to its deficit and debt targets set-out in a budget delivered in February, Gordhan told business leaders in Johannesburg.
Recommended articles
Treasury also plans to stick to its deficit and debt targets set-out in a budget delivered in February, Gordhan told business leaders in Johannesburg.
"We will retain and sustain our fiscal credibility notwithstanding lower growth, which will put pressure on the revenue and the expenditure side," Gordhan said.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Lagos postpones eagerly anticipated Easter boat regatta indefinitely
Third Mainland Bridge reopens in 1 week, formal ceremony later - Minister
Sanwo-Olu opens 'Sunday market' on Good Friday for Easter shopping
Wike thanks Tinubu for the opportunity to serve
Barrister Bida pens special birthday prayer for President Tinubu, Nigerians
Tinubu’s aide distributes food items to 1,750 persons in FCT, Kwara
Court grants senator accused of forging NYSC certificate ₦50m bail
Delta monarch declared wanted by military surrenders to police
Renowned Canada-based Nigerian playwright, Oguntokun is dead
Pulse Sports
Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?
I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream
Michelle Alozie: I had to do it because of African referees
AC Milan star reveals he was named after Super Eagles legend Tijani Babangida
Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana
Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana
ADVERTISEMENT