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WATCH: Gigaba's message to concerned South Africa

Apr 20 2017 19:54

Finance Minister Malusi Gigaba has assured worried South Africans that government will continue to work with business, labour and civil society to restore confidence in the economy.

Fellow South Africans, over the coming week, accompanied by the deputy minister and the director general of National Treasury, I will embark on an intensive engagement with investors, international ratings agencies and various players in the global finance community.

I will share with them our plans for the economy. Re-affirm our nation's commitment to inclusive growth as well as prudent fiscal discipline and sound economic policies that has long characterised our country.

I want to assure you that government remains firmly in control of the country's economy. We are committed to the stringent fiscal consolidation announced in the 2017 budget to reduce our country's deficit.

Our country is not operating in an unsustainable financial environment. We can meet all our financial obligations.

Government is doing everything possible to turn the economy around and ensure its continued growth in an inclusive manner.

The economy has a strong potential to grow and needs our support. While there is still much work to do, the key economic foundations are in place to move the SA economy forward.

There is every reason to be confident in our economy.

Government will continue to collaborate with business, labour and the civil society to restore confidence in the economy.

We remain steadfast in our work to address the structural constraints to economic growth.

Working together we can translate our plans into concrete actions.

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