26-05-2016 10:32 via news.yahoo.com

South Africa's finmin says cannot predict S&P, Fitch ratings outcomes -report

Finance Minister Pravin Gordhan has said it was still unclear whether South Africa's debt could be downgraded by Standard & Poor's and Fitch after holding discussions with the rating agencies last week, the Financial Mail reported on Thursday. A team from S&P met officials in Africa's most industrialised country last week before their review due to be published on June 3, which could see the country's debt rating cut to junk. South African officials also spoke to Fitch by phone, the Trea
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