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South Africa’s Gigaba Calms investor fears pledging accelerated and “inclusive growth” for the Investment Community
JOHANNESBURG (Capital Markets in Africa) – South Africa’s finance minister has sought to allay investor fears over his pledge of “radical economic transformation”, toning down the rhetoric just over a month into the job to talk more of “inclusive growth”. Malusi Gigaba, appointed after President Jacob Zuma sacked his predecessor Pravin Gordhan in a move that rattled markets, has backed Zuma’s aim of redistributing wealth to poor blacks. While investors want the ruling African National…
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