SA to look East for advice on policy
Finance Minister Malusi Gigaba will woo Asian investors in future international road shows
Finance Minister Malusi Gigaba will draw on fiscal policy advice from the East and woo Asian investors in future international road shows. Gigaba held several rounds of bilateral talks on the sidelines of the World Economic Forum on Africa with investors and leaders to assure them of consistency of policy and efforts to boost investor confidence. This follows the change of ministers in the surprise cabinet reshuffle at the end of March and the downgrade of the sovereign credit rating to junk last month. Gigaba met Singapore's deputy prime minister, Tharman Shanmugaratnam, on Friday at the World Economic Forum on Africa in Durban. Speaking to reporters afterwards, he said they discussed addressing inclusive growth, stimulating economic growth in South Africa, raising the revenue base, "issues related to the ease of doing business in South Africa and engagement between ourselves and Singapore on financial matters". "I have indicated to the deputy prime minister that as part of our nex...
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