Investor clarity needed, says Gigaba
South Africa needs to provide policy clarity to boost investor confidence in the wake of a recent cabinet reshuffle and a pledge to introduce “radical economic transformation”, finance minister Malusi Gigaba said on Tuesday.
“The debates around radical economic transformation are ongoing,” Gigaba told parliament's finance committee. He said the ruling African National Congress, which steers government policy, had not yet defined what the transformation entailed.
“We know that we need to continue acting conscientiously to do what we have to do, including providing policy clarity on a number of areas ... to boost business and investor confidence.”
NAMPA/REUTERS
“The debates around radical economic transformation are ongoing,” Gigaba told parliament's finance committee. He said the ruling African National Congress, which steers government policy, had not yet defined what the transformation entailed.
“We know that we need to continue acting conscientiously to do what we have to do, including providing policy clarity on a number of areas ... to boost business and investor confidence.”
NAMPA/REUTERS
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