A request from President Zuma that finance minister Pravin Gordhan and deputy finance minister Mcebisi Jonas to return home in the middle of important international investor roadshows is currently under the spotlight.
The Chamber of Mines is concerned about both the timing of the request and the negative impact this has had on the markets.
At this critical time where so much has been invested by business, government and organised labour in promoting greater economic stability and to maintaining South Africa’s crucial sovereign investment grade rating, the recent events have fuelled negative speculation which is damaging to South Africa’s reputation as an investment destination.
The Chamber of Mines urges President Zuma and cabinet to act in South Africa’s best interests to promote a stable, predictable and competitive environment to ensure it continues to build a positive investment climate built on ethical leadership and good governance so that it can meet its economic, social and developmental goals.
Feature image credit: Wikipedia Commons (South African Minister of Finance, Pravin Gordhan)