South Africa’s government is maintaining its fiscal policy framework and is taking “systematic interventions” to address the country’s economic challenges in the wake of damaging ratings downgrades, the cabinet said on Thursday.

“Government remains on track in maintaining its fiscal framework, ensuring policy certainty, and working to ensure inclusive growth and economic transformation,” the cabinet said in a statement after it had a meeting on Wednesday.

(Reporting by Tanisha Heiberg; Editing by Ed Stoddard)