Gi­gaba to meet rat­ing agen­cies

Cape Argus - - Business -

He also spoke about his ex­pe­ri­ences of com­mu­ni­cat­ing with Nel­son Man­dela, who de­scribed him as “a pro­ducer I re­spect very much” when he granted him the film rights to his au­to­bi­og­ra­phy, FI­NANCE Min­is­ter Malusi Gi­gaba will meet sov­er­eign credit rat­ing agen­cies and in­vestors in Wash­ing­ton DC as he tries to quell fears about the coun­try’s po­lit­i­cal and fis­cal un­cer­tainty.

This comes as Gi­gaba has de­manded that the Public In­vest­ment Cor­po­ra­tion (PIC) dis­close its in­vest­ments and the peo­ple it has funded, in what is be­lieved to be a fresh bid to oust PIC boss Dr Dan Matjila.

Al­le­ga­tions of mis­use of the funds man­aged by the PIC, which to­tal al­most R1.9 tril­lion, have sent jit­ters through South African mar­kets.

Gi­gaba and Na­tional Trea­sury’s di­rec­tor-gen­eral, Dondo Mo­ga­jane, will lead a del­e­ga­tion to rep­re­sent South Africa at the an­nual meet­ings of the In­ter­na­tional Mone­tary Fund and World Bank next week.

Na­tional Trea­sury said that Gi­gaba, Mo­go­jane and Re­serve Bank gov­er­nor Le­setja Kganyago will have meet­ings with the in­vestor com­mu­nity and rat­ing agen­cies. – ANA

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