Gigaba: Allegations of corruption have bearing on investor confidence

Finance Minister Malusi Gigaba says he will continue to engage with business, labour and civil society on his action plan to revive economic growth.

Finance Minister Malusi Gigaba. Picture: Thando Kubheka/EWN

JOHANNESBURG – Finance Minister Malusi Gigaba says that allegations of corruption have an enormous bearing on investor confidence, adding that he fully supports a commission of inquiry into state capture.

On Thursday, Gigaba outlined his 14-point action plan aimed at jumpstarting the economy.

Gigaba says that allegations of corruption should be dealt with speedily.

“A commission of inquiry into this thing would help all of us to clear the names of those who believe they are innocent, that their names have been wrongfully tarnished.”

He has warned those in power against seeking popularity at the expense of the economy.

“Because those with the responsibility of leadership must understand that responsibility and live up to the expectation.”

Gigaba says he will continue to engage with business, labour and civil society on his action plan to revive economic growth.