South African Finance Minister Pravin Gordhan Delivers 2016 Budget

Jacob Zuma, South Africa's president, centre, speaks to Pravin Gordhan, South Africa's finance minister, right, and other government ministers before the presentation of the 2016 budget to parliament in Cape Town, South Africa, on Wednesday, Feb. 24, 2016. Gordhan stuck to a pledge to bring down the budget deficit, targeting civil-servant jobs and increasing wealth taxes to stave off a credit-rating downgrade to junk. Photographer: Halden Krog/Bloomberg via Getty Images