* Focus turns to rating agencies reaction
(Adds Treasury director general, analysts)
CAPE TOWN South Africa predicted wider budget deficits and cut growth forecasts in a bleak budget on Wednesday that focused spending on infrastructure, manufacturing and agriculture to boost the recession-bound economy.
PRETORIA, Oct 10 South Africa has investment
commitments of $35 billion as part of plans by President Cyril
Ramaphosa to attract $100 billion over the next five years to
revive the country's flagging economy, his economic adviser told
Reuters on Wednesday.
JOHANNESBURG South Africa's Finance Minister Nhlanhla Nene told a judicial corruption inquiry on Wednesday that he was fired by former president Jacob Zuma for refusing to approve a $100 billion nuclear power deal with Russia in 2015.
* Bank cuts 2018 growth forecast to 0.7 pct
(Recasts, adds ANC retracting comments on monetary policy)
JOHANNESBURG, Sept 19 South African forward
markets cut projections of a rate hike on Wednesday, after
inflation fell, as investors bet the central bank would hold
rates unlike some emerging market countries that have tightened
policy to support weakening currencies.
* Land reform plans unnerving investors
(Adds business confidence data, analyst comment)
* Rand recovers some lost ground on current account data
(Adds Ramaphosa, c.bank, analyst quotes, details)
JOHANNESBURG, Sept 5 A surprise economic
recession has brought a sharp focus on South Africa's shrinking
revenue and mounting debt pile and could intensify a bond
sell-off at a time the assets are reeling from nervousness over
Turkey's economic woes.
* President Ramaphosa trying to revive economy
(Adds details, context, analyst quote)