Govt says it is committed to reducing debt

The govt is battling to restore investor confidence as police investigate the finance minister.

Picture: EWN.

JOHANNESBURG - South Africa's government, which is battling to restore investor confidence against the backdrop of a police probe into Finance Minister Pravin Gordhan that has rattled markets, said on Thursday it remained committed to debt reduction.

"Government has made bold decisions to restore confidence in the economy and is committed to achieving its fiscal objective of stabilising and reducing debt," the government said in a statement.