Circumstances surrounding fraud charges against Finance Minister Pravin Gordhan are of deep concern to business, which has issued another declaratory statement this weekend, according to Standard Bank joint CEO Sim Tshabalala. He said business was of the view that the "processes followed have to be fair and correct and the substance of what [Gordhan is] accused of has to be fair and correct". Political developments were negatively flagged by international investors at the South Africa Tomorrow road show in New York recently, he said. "South Africa is well-loved and respected." But investors would scrutinise the medium-term budget policy statement which Gordhan will deliver on Wednesday. "They'll look to see whether as a country we're going to keep to fiscal discipline" and efforts to improve low growth. As uncertainty around Gordhan's position continues, Tshabalala said what should be the utmost priority, regardless of who was finance minister, was that "the job must get done, the b...
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.