South African Government asks Investors not to lose confidence in Economy
The South African government is encouraging investors not to lose confidence in the nation’s economy. Deputy President, Cyril Ramaphosa encouraged financial specialists not to be unnerved by the political instability or the progressing examination concerning the country’s finance minister.
His remarks came as he wrapped up a visit to Singapore, in the midst of theory of a power battle in the decision African National Congress.
An elite police unit is researching Finance Minister Pravin Gordhan over a so-called rogue spy Unit at the tax agency, set up when he was at its helm.
A few experts say President Jacob Zuma’s partners are driving the probe in a bid to oust Gordhan…something the President denied.
The issue has shaken markets in Africa’s most industrialized economy.