Stick to the economic message: Gigaba
Finance Minister Malusi Gigaba says populist statements by political leaders have an enormous effect on investor sentiment.
Gigaba has outlined government's 14-point action plan which aims to boost inclusive economic growth.
Gigaba says the debates around monopoly capital and radical economic transformation require cool heads.
He says it's critical for government, business and labour to work together to avoid another ratings downgrade.
"The programme we are presenting is drawn from our engagements with the ratings agencies, domestic and international investors as well as the technical recession. We heard the issues they have raised and we have applied our minds as to what we need to do in order to restore our investment grade," says Gigaba.
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Gigaba says the country's leaders must send one clear message when it comes to transformation and inclusive growth.
"I understand that I am the Finance Minister and I must never seek popularity at the expense of the economy. My work must always be calculated an meant. I think we have a great job to do to harness those views, to harmonise the language, to standardise the message and to ensure that those of us who speak on public platforms, to the very best extend, stick to the message."