Newly appointed South African Finance Minister Tito Mboweni waits to be sworn in Cape Town

New South African finance minister to keep policy direction intact - Moody's

JOHANNESBURG (Reuters) - Ratings agency Moody's said on Tuesday that it expected new South African Finance Minister Tito Mboweni to keep the government's broad policies intact in the medium-term budget speech due next week.

Lucie Villa, Moody's lead analyst for South Africa said in a research report that while the change in ministers "may lead to last moment changes in policy implementation, we would not expect the broad direction of policy to be dependent on individuals."

(Reporting by Olivia Kumwenda-Mtambo; Editing by James Macharia)

First Published: 2018-10-16 13:10:45
Updated 2018-10-16 16:35:39

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