The rating agency on Friday changed its outlook on South Africa to negative, saying the government is unable to turn things around.

Gordhan says, on the contrary, we can bring about change if we all put our efforts together.

He spoke to Karima Brown earlier on The Fix.

"Where I disagree with Moody's is that in some sectors the political capital is certainly there as well as the ideas to bring about the necessary changes. Eskom is one example. There are opportunities for us."

"Just like the Springboks did, if we take our opportunities and score the tries then we will emerge as victors." 

Moody's says the decision to change the outlook was a reflection on the financial deterioration. 

The agency also pointed out the risks of South Africa not being able to stop the fall through a revival in economic growth or fiscal consolidation measures.

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