Fitch downgrades South Africa's credit rating to junk status
The agency also cited the cost of South Africa's nuclear energy programme, likelihood that the reshuffled cabinet will give less priority to fiscal consolidation and tensions within the ruling African National Congress (ANC).
"Having said this, we are increasingly concerned at a trend of attacks and intimidation against those exercising their right to protest against Jacob Zuma's corrupt rule", he said.
ANC members gather to support President Jacob Zuma outside Luthuli House.
The South African rand has tumbled more than 11 percent since March 27, when Zuma ordered Gordhan to return home from overseas talks with investors, days before firing him.
Outside Cape Town, retired archbishop Desmond Tutu, who is in frail health, made an appearance to support the protests. His foundation posted a scathing tweet in his name: "We will pray for the downfall of a government that misrepresents us".
Hundreds of veterans of the ANC's armed anti-apartheid struggle and members of the ruling party's youth wing have gathered outside its headquarters to prtoect the building.
The political uncertainty caused by Mr Zuma's cabinet changes led ratings agency Standard and Poor Global to downgrade South Africa's sovereign credit rating to junk status on Monday.
Fleeing Arrest In Venezuela, Opposition Politician Speaks Out Against Maduro
Venezuelan police clash with opposition activists during a protest against the government of President Nicolas Maduro in Caracas . The historical power of Chavismo is also on Maduro's side, Ramsey told us. "The way we get rid of Maduro is with elections".
Westbrook secures triple-double average, falls short of 42nd
After the game, Westbrook went immediately to the Suns' practice court where he worked out instead of meeting with reporters. March 22: He takes a season-low six shots, but Westbrook makes them all and finishes 6 for 6 from the free-throw line.
April the Giraffe still keeping everyone guessing
April the giraffe "keeps us guessing" on when she will give birth to a calf, zookeepers with Animal Adventure Park said Tuesday. That whole process, from a calf being born to it taking its very first steps, is an incredibly special thing to see.
"The announcement by Fitch is noted by government and while it is a setback, government remains committed to making sure that its work with business, labour and the civil society continues in order to improve the business confidence and implement structural reforms to accelerate inclusive economic growth".
"The people are not rebelling against the ANC, but it is monopoly capital that is manipulating our people to further its narrow agenda", he said of those who took part in Friday's protests.
Al Jazeera's Fahmida Miller, reporting from Pretoria, said the demonstrations are significant because "it's just the beginning of protests and marches by a large sector of South Africans calling for the president to resign". Some people with banners lined stretches of road or stood on overpasses; passing cars honked their horns.
He said the anti-Zuma marchers would never depose the democratically-elected government of the country because the ANC had delivered for the people.
The protestors' directed their anger at Zuma, with posters describing him as a "criminal" and a "Gupta puppet".
"I am marching to get the ANC to take us seriously and respect our wishes by letting the president go", she said. He has been hospitalized several times since 2015 because of infections linked to past treatment for prostate cancer.
Gordhan, a person of Indian origin, has become a symbol of the fight against corruption for refusing to approve several projects that would allegedly benefit businessmen close to Zuma.
'Boss Baby,' 'Beauty' outshine 'Smurfs 3' at box office
In four weeks, Disney's live-action fairy tale has earned $432.3 million (£349.3 million) in the US. The relative quiet at the box office is ending soon.
Homeland Security chief backtracks on splitting families
According to Kelly, 1 million people come into the USA every day, and nearly half of them are subject to device searches. This undated rendering provided by DarkPulse Technologies Inc. shows a proposed border wall between Mexico and the U.S.
Sweden to move attack memorial as fence sags
Sweden's health service said 10 people were still hospitalized for wounds from the attack and four of them were seriously injured. Friday's attack has deeply shocked the usually tranquil Scandinavian nation, which prides itself on its openness and tolerance.
Tillerson: 'No change' to Syria policy after strike
He also said that contacts had been initiated with Russian Foreign Minister Sergei Lavrov and US Secretary of State Rex Tillerson. Leonid Slutsky, head of Russia's State Duma International Affairs Committee, said the meeting would go ahead as planned.
Pearl Jam, Tupac, Yes, Journey to be inducted into Rock Hall
It's a band that fought off the trappings of rock "n" roll fame that proved the downfall of many of its contemporaries. The band exploded in popularity from the start in the early 1990s behind songs like "Alive", "Jeremy" and "Even Flow".
Salute to Chuck Berry opens Rock Hall ceremony
Turning into an off-color comic, the Englishman joked he was happy as Brooklyn was the spot of his first sexual experience. Steve Perry is expected to join Journey at the induction, but he will not be performing with them, according to sources.
Davis Cup: US wins doubles to stay alive in quarterfinal
On Sunday, Kyrgios is up first and scheduled to play Sock, and then Thompson is set to take on Isner. The winners of the tie will face either Serbia or Spain in the semi-finals.
Daniel Cormier Sends Stern Warning To Jon Jones
If you missed the earlier episodes, we have episode 1 here, episode 2 here, and episode 3 here. They just basically got away with one of the dirtiest things I've seen in sports".
NBA expects to give 2019 All-Star Game to Charlotte
The Charlotte Regional Visitors Authority estimated the yanked event would have generated about $ 100 million in economic impact. "What we talked about among our owners was a sense of obligation to the game and what appropriate behavior is", Silver said .
Trump OKs Keystone pipeline, calling it 'great day' for jobs
And it probably will, the researchers write , because oil refined on the Gulf can be sold for a higher price to export markets. Finally, in November 2015, Obama rejected the request from TransCanada to build the pipeline, ending a seven-year review .