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South Africa's Treasury says committed to stable fiscal policy after S&P downgrade
April 3, 2017 / 5:16 PM / 8 months ago

South Africa's Treasury says committed to stable fiscal policy after S&P downgrade

JOHANNESBURG, April 3 (Reuters) - South Africa’s Treasury is committed to a responsible fiscal path following S&P Global Ratings decision to cut the country’s sovereign credit rating to “junk”, it said on Monday.

“South Africa is committed to a predictable and consistent policy framework, which responds to changing circumstances in a measured and transparent fashion,” the Treasury said in statement.

Reporting by Mfuneko Toyana; Editing by James Macharia

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