JOHANNESBURG, March 31 South African President
Jacob Zuma's decision to dismiss Finance Minister Pravin Gordhan
has severe consequences for the economy and is a setback to the
work done to avoid a credit ratings downgrade, a group of
business leaders said on Friday.
"This decision, and the manner in which it was taken, is
likely to cause severe damage to an economy that is in dire need
of growth and jobs," said the CEO Initiative, an organisation
that includes the chief executives of Nedbank, Standard
Bank, the JSE and Investec.
(Reporting by TJ Strydom; Editing by Alison Williams)