Newly re-appointed Minister of Finance, Pravin Gordhan, assured the country in his first public speech yesterday afternoon (Monday) that he planned to revive investor confidence.
He also took a hard line towards South Africa’s state-owned enterprises (SOEs), announcing that he planned to institute “non-negotiable wide-ranging reforms that would put them on a sustainable footing”.
"Any support to these companies will be done in a fiscally sustainable manner,” said Gordhan, adding that “it was time that individuals or groups of individuals stopped playing with public entities”.
He also pledged to protect the investment rating of South Africa. “Let us get down to business in a co-operative and collaborative way,” he said.
