Gigaba to meet rating agencies
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