10 things Gigaba said at #SAeconomy presser

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June 15, 2017
10 things Gigaba said at #SAeconomy presser

Minister of Finance Malusi Gigaba. File picture: Bongani Shilubane/ANA Pictures

Minister of Finance Malusi Gigaba is holding a media briefing to talk about the way forward for the South African economy.

Here are ten things he has said so far:

  • President Zuma and other ministers discussed critical interventions at emergency meeting last night.
  • Low economic growth is reflection of low business and consumer confidence.
  • Government is committed to maintaining fiscal framework announced in budget.
  • Treasury’s plan to grow economy has been undermined by recent downgrades, data showing recession.
  • When boards of SOEs are appointed, skills and capabilities are looked at.
  • Glad that the Public Protector is investigating the Gupta emails saga.
  • The appointment of new DG Dondo was fast, and shows eagerness.
  • Calls for policy certainty to reassure investors and unlock growth.
  • Business, labour and government must come with plans on how to get the economy out of tough times.
  • Political noise is better than no noise at all.

Reuters and IOL

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