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SA finances are in good hands: Gordhan

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Finance Minister Pravin Gordhan says he hopes to give South Africans the assurance that the State’s finances are in good hands when he presents his medium-term budget next week.

This is seen as the latest indication from Gordhan that he expects to remain in his post, despite a fraud charge brought against him by the National Prosecuting Authority (NPA).

The NPA charged Gordhan and two former South African Revenue Service (SARS) bosses of fraud for their involvement in former Deputy SARS Commissioner, Ivan Pillay’s early retirement package.

Gordhan was addressing the National Religious Association for Social Development in Kempton Park, east of Johannesburg.

He says the fiscal framework he presents next Wednesday will show that Treasury wants to manage the country’s finances well.

“We have a very constrained fiscal environment in which we will manage our State affairs and at the same time ensure that we emerge, with a fiscal framework next Wednesday, which shows that we want to manage our finances well. And what we can tell South African is that your finances, as far as Treasury is concerned, are in excellent hands.”

[Source: SABC]
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