South Africa to take tough decisions to grow economy

South Africa’s Government will take “necessary tough decisions” to stabilise public debt and grow the economy, Finance Minister Malusi Gigaba said on Saturday.

Gigaba told a breakfast meeting: “We will take the necessary tough decisions to continue fiscal consolidation.

“We will effect monetary stabilisation as we move towards the 2018 budget in February.”

The briefing came before the start of the ruling African National Congress conference to pick a new party leader.

Reuters/NAN.