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Gigaba: 14-point plan well received by business community

Finance Minister Malusi Gigaba says ultimately the plan is meant to streamline government departments and boost investor confidence.

Finance Minister Malusi Gigaba spends Mandela day at Kholwani school in Soweto. Picture: Kgothatso Mogale/EWN.

JOHANNESBURG - Finance Minister Malusi Gigaba says the 14-point plan he announced last week has been well received by the business community.

Last week, Gigaba unveiled the plan which is aimed at wrenching the country's economy out of a recession.

He says ultimately it is meant to streamline government departments and boost investor confidence.

“The investors have been crying out, saying there are programmes which have been lingering for quite a long time that we have not been implementing. We are now indicating in detail how we’re going to implement each one of those 14 areas and by what time are we going to implement them so we can provide certainty.”

The minister was speaking at a Soweto school on Tuesday while undertaking charity work as part of the Mandela Day commemorations.

LISTEN: Economists rate Gigaba’s 14-point plan to revive economy