As South Africa reels from the news of another Cabinet reshuffle overnight, the damage to business confidence and a renewed threat of a ratings downgrade should not be underestimated. After a week of speculation, President Jacob Zuma on Thursday night made sweeping changes to his Cabinet, including the axing of Finance Minister Pravin Gordhan, who was replaced by Malusi Gibaba.
Source: www.engineeringnews.co.za
Cabinet reshuffle places South Africa firmly in junk status crosshairs
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