Finance minister highlights progress on debt, greylisting and investment

IN HIS Medium-Term Budget Policy Statement (MTBPS) speech Finance Minister Enoch Godongwana detailed the promises kept over the past few years.

- HELMO PREUSS

The focus now is on how to grow the economy faster and attract the investment needed to create jobs and improve the life of all South Africans.

“Two years ago, we committed to stabilising public debt in the current year and then begin reduce it. Despite a challenging environment of persistently low economic growth, we are on track to achieve this goal.

“We also committed to remove South Africa from the Financial Action Task Force grey list. We have delivered on this commitment in just two and a half years. This is thanks to collaboration across government departments, law enforcement agencies and the private sector. Exiting the grey list enhances South Africa's attractiveness to investors and make it easier to do business with us,” Godongwana said.