Lead South Africa

Cabinet says Gigaba has no intention of changing fiscal policy implemented under Gordhan

PARLIAMENT – Finance Minister Malusi Gigaba has no intention of changing South Africa’s economic policy – this is the message that will be conveyed to representatives of ratings agencies expected to visit the country over the next few months. Briefing journalists on Thursday following cabinet’s fortnightly meeting, Communications Minister Ayanda Dlodlo said extensive discussion were […]

In The News South Africa

SA’s Gigaba insists economy must change, but says no nationalisation

PARLIAMENT, May 9 – South Africa Finance Minister Malusi Gigaba on Tuesday insisted that radical economic transformation was inevitable, but said this would not entail nationalisation of banks or mines. Gigaba told Parliament’s standing committee on finance that whether one termed the change he referred to radical economic transformation or inclusive growth, it was needed […]

In The News South Africa

Gigaba has shown SA will stick to fiscal discipline – Cabinet

CAPE TOWN – South African Finance Minister Malusi Gigaba’s interaction with investors and the global finance community has shown that government would stick to the course of fiscal discipline and consolidation charted by his predecessor, Cabinet said on Friday. “These engagements underscored that government’s policy orientation towards prudent fiscal discipline and stringent fiscal consolidation as […]

In The News South Africa

Treasury distances itself from Prof Malikane opinion piece on nationalisation

JOHANNESBURG, April 18 (ANA) – National Treasury on Tuesday distanced itself from an opinion piece written by Professor Chris Malikane, an economic adviser to the Minister of Finance, saying that the nationalisation of banks is not government policy. This comes after Malikane, an economics professor from the University of the Witwatersrand, penned an eight-page opinion […]

Business In The News South Africa

Gigaba moves to assure local investors before leaving for US

CAPE TOWN, April 13 – Policy certainty, fiscal sustainability, inclusive growth and leadership stability remain the top priorities of Treasury, Finance Minister Malusi Gigaba told South African asset managers and investors on Thursday. Addressing them in Cape Town, Gigaba said Treasury felt it important to address their concerns ahead of next week’s International Monetary Fund […]