Minister Gigaba concerned over PIC reports
Minister of Finance Malusi Gigaba is concerned over media reports that National Treasury wants to use R100-billion of the funds in the PIC to bail out SOEs.
The minister has clarified that these reports are not true.
"No formal or informal request has been sent to the PIC for such funds", says departmental spokesman, Mayihlome Tshwete.
"The Minister finds these reports malicious and unconstructive". Such untrue reports deviate attention from what is important - finding a long-term solution that will ensure that SOEs continue to contribute to our economic development without being a burden on the fiscus.
"Such untrue reports deviate attention from what is important - finding a long-term solution that will ensure that SOEs continue to contribute to our economic development without being a burden on the fiscus," says Tshwete.
The Minister has meanwhile called an urgent meeting with the PIC board to deal with this matter and other pressing issues.