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updated 6:54 AM SAST, Mar 14, 2031
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Zuma calls for urgent measures to boost economy after downgrade

President Jacob Zuma has directed Finance Minister Malusi Gigaba to identify concrete measures to urgently address the country's economic challenges, the president's office said on Monday.

The directive comes after S&P Global Ratings on Friday downgraded the country's local currency debt to sub-investment grade, while Moody's placed the sovereign on review for downgrade.

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