Jeff Radebe – Minister in the Presidency for Planning, Monitoring and Evaluation says Moody’s decision to place South Africa’s credit rating two steps above sub-investment grade indicates that the Zuma-led government is on the right path and that SA’s economy is about to bounce back and soar higher.
Addressing the Foreign Correspondents’ Association on how our darling President and other government officials worked hard to fertilize the economy for the benefit of ordinary South Africans, Radebe pronounced that “Moody’s decision represents victory for us as government as we continue to put in work to fix our economy, which has drastically slowed down.
We will get to that turning point and show the world that South Africans are resilient. We’ve done it in the past and we are still capable of bouncing back stronger,” he declared.
Referring to Fitch and S&P Global Ratings expected to review South Africa’s economic well-being next month, the Minister asserted that SA government is confident the ratings wouldn’t lower the country’s rating to a non-investment confidence.
“The S&P and Fitch global ratings,” Radebe said, “is another important bridge that we will have to cross as a country. Will we once again safely cross to the other side. I believe we will.
If we continue to work together as it’s been the case in recent times, we will avert any looming credit downgrade and bring our economy back on its two feet,” he charged.
With that, he informed that our Zuma-led government is working with the private sector to provide leadership and rally South Africans behind a come agenda aimed at bettering the nation’s economy.
Thereafter, Radebe highlighted a long list of great deeds and achievements of our government which i’d rather not bother you with the details.