South Africa: Fitch Negative Rating - Urgent Action Needed By New Finance Minister

press release

The Fitch Ratings revised outlook of the South African economy from "stable" to "negative" must serve as an urgent wake-up call for the new Minister of Finance, Nhlanhla Nene.

Unless he wants to be remembered as the Minister who escorted South Africa into an economic recession, he must act immediately to assert the National Development Plan (NDP) as the only economic blue-print for South Africa, and begin implementing its recommendations without delay.

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