SACCI says stability essential for investment
The South African Chamber of Commerce and Industry responded to President Jacob Zuma’s decision to review the appointment of David Van Rooyen as minister of finance by noting that macro-economic stability and consistency were necessary conditions for trade and investment.
The chamber said the reappointment of Pravin Gordhan would “go some way towards reassuring the markets”, but urged the government to pay immediate attention to the major challenges facing the South African economy, including slow economic growth and unemployment.
A statement from SACCI added that Van Rooyen’s re-assignment as co-operative governance minister would not be without its challenges, adding: “We hope the Cabinet will give the new minister and his department the highest level of support to ensure progress and success in one of the key delivery portfolios within government.”
ANA
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