Reshuffle rumours make it difficult for investors to pick SA, says Gigaba
At a post-budget breakfast, the finance minister reiterated that SA cannot afford nuclear energy right now, and said Eskom was SA’s biggest risk
Rumours of another Cabinet reshuffle contribute to political uncertainty and make it difficult for investors to invest in SA, Finance Minister Malusi Gigaba says. Speaking at a post-budget breakfast in Cape Town on Thursday, Gigaba said: “As government, you don’t want those rumours at all. “SA has been affected by own goals which have created policy uncertainty and political uncertainty. “Such uncertainty contributes to the negative outlook ratings agencies have given us because they don’t know which direction the country is going to take. “We would do well as a country, if we provided greater certainty to investors and rating agencies so we can give the economy time to recover.” After a “candid” medium-term budget policy statement that underwhelmed and sent the market into frenzy, Gigaba said someone had to do the tough job and carry the news to the nation. “You’d like to be the bearer of good news. Anyone in this position would have liked to say the economy is growing, that we hav...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.