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S.Africa's Finmin says difficult to predict rating agencies' reaction to budget
October 26, 2017 / 6:54 AM / in a month

S.Africa's Finmin says difficult to predict rating agencies' reaction to budget

CAPE TOWN, Oct 26 (Reuters) - South African Finance Minister Malusi Gigaba said on Thursday it was difficult to predict how rating agencies would react to his maiden medium-term budget policy statement.

Outlining the government spending plans over the next three years on Wednesday, Gigaba flagged weaker growth expectations and rising government debt. (Reporting by Olivia Kumwenda-Mtambo; Writing by Tiisetso Motsoeneng; Editing by Toby Chopra)

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