President Jacob Zuma has directed Finance Minister Malusi Gigaba to identify concrete measures to urgently address the South Africa's economic challenges. The directive comes after Standard and Poor's Global Ratings downgraded the country's long-term local currency rating to junk status. Zuma wants Gigaba, the presidential fiscal committee and the National Treasury to look for ways to cut expenditure of around 25 billion rand and create revenue-enhancing measures, including taxes, amounting to about 15 billion rand. Tsepiso Makwetla spoke to Chief economist at Econometrix, Dr Azar Jammine