While the reshuffling of the country’s finance ministers late last year raised some eyebrows at the World Economic Forum (WEF) currently under way in Davos, Switzerland, it hasn't deterred investors, according to South African Reserve Bank governor, Lesetja Kganyago.
Kganyago, who is part of South Africa's delegation to the Davos summit, admitted to Eye Witness News that questions had been raised by potential investors around president Jacob Zuma’s policy decisions. But he said they were comforted by Pravin Gordhan’s reinstatement last month.
Meanwhile the Presidency issued a statement that Team South Africa had been well-received at the WEF. “The message that South Africa is open for business is being communicated by the president, ministers and business leaders in all sessions in Davos,” the Presidency said.
It also clarified reports about President Jacob Zuma’s withdrawal from the CNBC Africa debate at short notice, noting: “The Presidency informed the organisers last week that the president would be unable to participate in the debate.”
