Quote of the Day: “Many people were thinking that they would downgrade us” Ramaphosa
Deputy President Cyril Ramaphosa has welcomed Moody’s decision. He was in Mbizana in the Eastern Cape when he responded to the credit rating on South Africa.
“We are very pleased with Moody’s report, where they have kept our rating status as is. Many people were thinking that they would downgrade us. They haven’t and that is a great success for us because it shows what we can achieve when we work together.
“We have to congratulate Treasury for having led the charge working together … with other organisations, trade unions, business and civil society. It was very pleasing to see them travel to investors overseas as a united team, essentially as Team South Africa, going to sell South Africa and explain everything about our country.
“So it’s great news and great success. As South Africans, we can congratulate ourselves,” said Deputy President Ramaphosa.
However, he cautioned that the country should not relax.
“It is not over yet because there is another rating that is coming and this is when we must work harder and unite and demonstrate that South Africa is solid, stable and a worthy investment destination.”