Ramaphosa meets with Moody’s

President Cyril Ramaphosa held discussions with ratings agency, Moody’s, yesterday on initiatives to accelerate economic growth and create jobs.

At the meeting‚ which comes just two weeks before Moody’s is set to announce its latest outlook on South Africa‚ Ramaphosa also reaffirmed that accelerated land reform would unfold within a clear legal framework and without negatively affecting economic growth‚ agricultural production and food security.

Moody’s provides credit ratings‚ research and risk analysis. This was the first time that the agency had interacted with Ramaphosa since he was elected president last month. Finance Minister Nhlanhla Nene met the ratings agency on Monday‚ where he outlined government’s economic and fiscal plans.

The Presidency said in the meeting in Cape Town‚ Ramaphosa described the new mood of hope‚ renewal and unity in SA – and the enthusiasm of its people to contribute to change and development.

“President Ramaphosa said this new enthusiasm was anchoring all efforts to confront the challenges facing South Africa‚ including government’s initiatives to increase investor confidence.”

It said fresh consultations on the Mining Charter‚ recent measures to strengthen cabinet‚ changes at Eskom and an inquiry into state capture formed part of government’s invitation to investors to come to SA. –