Lindiwe Sisulu to raise concerns over rating downgrades with ANC leaders
Rating agencies Standard & Poor’s Global and Fitch downgraded South Africa's credit rating to junk status.
CAPE TOWN - Human Settlements Minister Lindiwe Sisulu says she will be taking grievances raised during a memorial lecture meant to honour Chris Hani directly to the African National Congress (ANC) leadership.
April 10 marks 24 years since Hani was assassinated in Gauteng.
Sisulu attended a memorial lecture to honour the struggle stalwart in Khayelitsha on Sunday.
The Chris Hani memorial lecture, which was organised by the South African Communist Party, the ANC and the Friends of Cuba Society started off by praising Hani and the struggle movement's leaders.
But those who attended the lecture had other pressing questions for Sisulu.
“Minister we just had two downgrades. When the economy collapses, we won’t be able to buy bread. These things taking place will destroy our confidence,” one of the attendees said.
Rating agencies Standard & Poor’s Global and Fitch downgraded South Africa to junk status.
Fitch cited the recent Cabinet reshuffle and said recent political events would weaken standards of governance and public finances.
Standard & Poor’s said executive changes initiated by President Jacob Zuma put fiscal and growth outcomes at risk.
Sisulu has promised to raise the issues with the ruling party.
It's understood she'll be attending a lengthy national working committee meeting on Monday where she will raise their concerns.
(Edited by Shimoney Regter)