FirstRand Says Gordhan in Strong Position to Act on Economy

  • Minister has political capital needed, FirstRand's Burger says
  • Bank optimistic it can grow in South Africa as economy slows

FirstRand Ltd.’s Johan Burger, chief executive officer of Africa’s biggest bank by value, said South African Finance Minister Pravin Gordhan is in a strong position to take the economic steps needed to prevent the country from losing its investment grade credit rating this year.

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