South Africa: Country Disagrees With Moody's Downgrade

1 March 2012

Midrand — South Africa disagrees with rating agency Moody's downgrade of South African financial institutions, says Finance Minister Pravin Gordhan.

"We disagree with the assessment. They are not giving us enough credit for managing our economy," Gordhan said on Thursday at the launch of the Black Business Council at Gallagher Estate.

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