SOUTH AFRICAN FINANCE MINISTER MEETS MOODY’S OFFICIALS TO OUTLINE GOVT PLANS

JOHANNESBURG– South African Finance Minister Nhlanhla Nene says he has met with representatives of international rating agency Moody’s to outline the government’s economic and fiscal plans.

Addressing a conference of the Federation of Democratic Unions of South Africa (Fedusa) here Monday in his first public appearance since his re-appointment to head the National Treasury by President Cyrile Ramaphosa on Feb 27, Nene said: In the meeting that I had this morning with Moody’s and subsequently with some of my colleagues, it was very clear that we are now starting to put dates to what that it is that we are going to do.

We are no longer going to say ‘If we do this, this is going to happen’. We are saying when we do this, this is what is going to happen ….. and put a date to it. Secondly we are going to act decisively against corruption in the public and private sectors.

Source: NAM NEWS NETWORK