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
We’re not stopping - Onakoya extends Guinness World record chess marathon target by 2 hours
'We have done it': Tunde Onakoya reaches 58-hour mark chess marathon
Forgive me my papa - Self-acclaimed Hausa traditional ruler kneels to beg Oba of Benin
Fubara grows Rivers IGR by over 100%, less than 1 year after Wike's tenure
Plateau University suspends exams over killing of student
Nigeria laughing stock of the rest of the world due to insecurity - TY Danjuma
APC group claims Tinubu’s initiatives stimulating economic recovery
Plateau Gov urges calm after attack that led to death of 200-level PLASU student
NAFDAC reopens popular Ibadan supermarket shut for selling unregistered product
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT