20°C / 22°C
  • Sun
  • 27°C
  • 12°C
  • Mon
  • 28°C
  • 16°C
  • Tue
  • 27°C
  • 16°C
  • Wed
  • 27°C
  • 17°C
  • Thu
  • 23°C
  • 16°C
  • Sat
  • 22°C
  • 13°C
  • Sun
  • 21°C
  • 16°C
  • Mon
  • 21°C
  • 15°C
  • Tue
  • 21°C
  • 16°C
  • Wed
  • 24°C
  • 15°C
  • Sun
  • 28°C
  • 12°C
  • Mon
  • 30°C
  • 18°C
  • Tue
  • 29°C
  • 17°C
  • Wed
  • 30°C
  • 18°C
  • Thu
  • 26°C
  • 18°C
  • Sun
  • 29°C
  • 12°C
  • Mon
  • 27°C
  • 16°C
  • Tue
  • 26°C
  • 15°C
  • Wed
  • 27°C
  • 15°C
  • Thu
  • 23°C
  • 14°C
  • Sun
  • 26°C
  • 19°C
  • Mon
  • 26°C
  • 22°C
  • Tue
  • 28°C
  • 23°C
  • Wed
  • 24°C
  • 20°C
  • Thu
  • 23°C
  • 20°C
  • Sun
  • 20°C
  • 16°C
  • Mon
  • 22°C
  • 16°C
  • Tue
  • 19°C
  • 15°C
  • Wed
  • 20°C
  • 15°C
  • Thu
  • 24°C
  • 16°C
  • Sun
  • 27°C
  • 14°C
  • Mon
  • 30°C
  • 13°C
  • Tue
  • 22°C
  • 14°C
  • Wed
  • 27°C
  • 13°C
  • Thu
  • 33°C
  • 15°C
  • Sun
  • 24°C
  • 16°C
  • Mon
  • 25°C
  • 15°C
  • Tue
  • 21°C
  • 16°C
  • Wed
  • 25°C
  • 16°C
  • Thu
  • 29°C
  • 16°C
  • Sat
  • 25°C
  • 15°C
  • Sun
  • 30°C
  • 15°C
  • Mon
  • 31°C
  • 17°C
  • Tue
  • 29°C
  • 18°C
  • Wed
  • 30°C
  • 17°C
  • Sun
  • 30°C
  • 11°C
  • Mon
  • 28°C
  • 14°C
  • Tue
  • 24°C
  • 14°C
  • Wed
  • 22°C
  • 14°C
  • Thu
  • 25°C
  • 13°C
  • Sat
  • 24°C
  • 14°C
  • Sun
  • 33°C
  • 13°C
  • Mon
  • 29°C
  • 15°C
  • Tue
  • 33°C
  • 15°C
  • Wed
  • 25°C
  • 18°C
  • Sun
  • 19°C
  • 14°C
  • Mon
  • 20°C
  • 14°C
  • Tue
  • 17°C
  • 14°C
  • Wed
  • 18°C
  • 14°C
  • Thu
  • 21°C
  • 15°C

Sacci raises S&P downgrade concerns with Presidency

The chamber has in the past highlighted the importance of sending the right political and fiscal signals to potential investors.

Picture: EWN.

CAPE TOWN - The South African Chamber of Commerce and Industry (Sacci) says it has raised its concerns with the Presidency following the downgrade by S&P Global.

S&P Global announced on Monday that the changes in the executive leadership, including the removal of Pravin Gordhan as Finance Minister, posed risks to the country’s policies.

Sacci president Zeph Ndlovu says they have in the past highlighted the importance of sending the right political and fiscal signals to potential investors.

“We’ve sent our displeasure and concerns through to the Presidency. And moving forward we want to make sure that we’re part of the team that will rally around making sure that we regain our foothold as a country that can be trusted in international markets.”

(Edited by Zamangwane Shange)

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus