Johannesburg – Radical economic transformation will be done within the fiscal constraints set out by National Treasury, said newly appointed Finance Minister Malusi Gigaba.
Gigaba was speaking at a press briefing in Pretoria on Saturday. He and his newly appointed deputy Sfiso Buthelezi as well as Treasury’s Director-General Lungisa Fuzile spoke to the press about the way forward for Treasury, following a Cabinet reshuffle in the early hours of Friday morning which saw Gigaba and Buthulezi replacing Pravin Gordhan and Mcebisi Jonas, respectively.
Gigaba spoke about the role of Treasury in achieving radical economic transformation. Previous reports indicated that his predecessor Gordhan had come under pressure by members of Cabinet to allocate spend in the budget towards transformation programmes.