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Ramaphosa confident SA won't be downgraded

Speculation is rife that S&P Global Ratings will downgrade South Africa to junk status.

Deputy President Cyril Ramaphosa. Picture: GCIS.

JOHANNESBURG - Deputy President Cyril Ramaphosa says he is positive the country's credit rating won't be downgraded as it is doing everything possible to prevent it from happening.

Speculation is rife that S&P Global Ratings will downgrade South Africa to junk status.

Ramaphosa says this is a "challenging time" for the country but strongly believes South Africa's credit rating won't be downgraded.

"South Africans have taken the bull by the horns and they are doing as much as possible to try to move the needle in the right direction."

He says government is doing everything it can to steer the economy away from junk status.

"We should not be downgraded. We are very positive and robust, clearly we are doing as much as we can."

Ramaphosa will lead a delegation to Rwanda next week where he has encouraged business partners to send out a message that the country remains open for business.