Task team aimed at improving SA's investment status to be set up

Wednesday, 12 April 2017, 08:50
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Task team aimed at improving SA's investment status to be set up
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BUSINESS NEWS - The Federation of Unions of South Africa (Fedusa) says a meeting with Deputy President Cyril Ramaphosa and business leaders has ended with an agreement to set up a task team aimed at improving the country’s investment status.

Rating agencies Fitch and S&P Global have downgraded South Africa to junk status following President Jacob Zuma's Cabinet reshuffle.

A special national economic development and labour council meeting held in Johannesburg on Tuesday was convened to address the national crisis.

Fedusa’s Dennis George says plans have been made to pave a way forward.
 

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