Johannesburg - South Africa's President
Jacob Zuma said on Tuesday the country's fiscal policy would
remain unchanged.
This comes after his cabinet reshuffle.
He also assured that his
ministers would reach out to international investors to assure
them of this after S&P downgraded the country's credit level to
"junk".
Zuma dismissed the respected Pravin Gordhan as finance
minister in a midnight cabinet reshuffle on Thursday that
shocked local markets and triggered protests from within his own
party, business and opposition parties.
Read also: Who is our new Finance Minister?
The rand pared some its losses after Zuma's remarks
in a speech at a function held at state-owned Transnet.