http://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Africa|Finance|Transnet|Africa|Stable National Treasury|Transnet’s Factory|Finance|Jacob Zuma|Malusi Gigaba|Mcebisi Jonas|Sifiso Buthelezi|Locomotive
Africa|Finance|Transnet|Africa||||Locomotive
africa-company|finance|transnet|africa|stable-national-treasury|transnets-factory|finance-industry-term|jacob-zuma|malusi-gigaba|mcebisi-jonas|sifiso-buthelezi|locomotive
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Verification Image. Please refresh the page if you cannot see this image.

Sponsored by

Close

Article Enquiry

Zuma says SA remains committed to fiscal consolidation

Verification Image. Please refresh the page if you cannot see this image.
Close

Embed Video

Zuma says SA remains committed to fiscal consolidation

Photo by Duane Daws
President Jacob Zuma

4th April 2017

By: African News Agency

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The South African government remains committed to fiscal consolidation, President Jacob Zuma said on Tuesday as calls for his resignation grew louder in the wake of Standard and Poor (S&P) Global downgrading the country to junk status.

Zuma said he had instructed Finance Minister Malusi Gigaba to ensure unity and stability within his new portfolio, from which he fired Pravin Gordhan last week in a step widely blamed for the downgrade.

Advertisement

“We also wish to emphasise that Government has been, and will remain, committed to a measured fiscal consolidation that stabilises the rise in public debt,” Zuma said at the launch of the Trans Africa locomotive at Transnet’s factory in Koedoespoort.

Zuma thanked Gordhan and Mcebisi Jonas, who was fired as deputy finance minister last week, for “their contribution to strengthening the National Treasury and the Finance portfolio” but said he believed reshuffling the Cabinet has injected fresh vigour into the executive.

Advertisement

He noted that Gordhan was formally handing over to Gigaba on Tuesday morning.

“This shows the maturity of leadership within the governing party… A united and stable National Treasury and Finance portfolio as a whole is absolutely critical for government and the country.

“I have directed Minister Gigaba and Deputy Minister Sifiso Buthelezi to immediately prioritise unity, peace, cohesion and stability within the finance portfolio.”

Trade union federation the Congress of South African Trade Unions on Tuesday called on Zuma to resign, days after the African National Congress’s other alliance partner the South African Communist Party, did so.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now