Deputy President Cyril Ramaphosa has, on Saturday, 7 May 2016, welcomed Moody’s credit rating decision on South Africa.
Deputy President Ramaphosa was in Mbizana, Eastern Cape where he responded to Moody’s credit rating on South Africa.
“We are very pleased with Moody’s report where they have kept your rating status as is.
Many people were thinking that they would downgrade us, now they haven’t and that is great success for us because that shows what we can achieve when we work together”, said Deputy President Cyril Ramaphosa.
“We have to congratulate our treasury for having led the charge working together, obviously as a whole as well other organisations, trade unions, business, civil society”, continued Deputy President Ramaphosa.
“It was very pleasing to see them travel to the investors overseas as a united team, essentially as team South Africa going to sell South Africa and explain everything about our country.
So it is great news and great success and as South Africans we can congratulate ourselves”, further said Deputy President Ramaphosa.
“But 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 it is stable and that we are a worthy investment destination”, concluded Deputy President Ramaphosa.
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