South Africa’s financial stability okay

Lusanda Bill
08 August 2011

The government has reassured South Africans that the country remains financially stable, despite uncertainty on world markets.

A joint statement by the Minister of Finance, Pravin Gordhan, and the Governor of the Reserve Bank, Gill Marcus, and members of the Financial Stability Oversight Committee says they met today to discuss financial instability and the possible impact on South Africa.

The statement says South Africa has deep and liquid financial markets which continue to function.

All rating agencies rate South Africa at an investment grade.


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