South African Government beseech Investors not to lose interest in the Economy

The South African government, has urged investors not to lose faith in the country’s economy. Also, Deputy President, Cyril Ramaphosa urged investors not to be frightened by the political uncertainty or the ongoing investigation into the country’s finance minister.


Ramaphosa's comments came as he wrapped up a visit to Singapore, amid speculation of a power struggle in the ruling African National Congress.

An elite police unit is investigating Finance Minister Pravin Gordhan over a so-called rogue spy Unit at the tax agency, set up when he was at its helm.

Some analysts says, President Jacob Zuma’s allies are driving the probe in a bid to oust Gordhan…something the President denied.

However, the affair has rocked markets in Africa’s most industrialised economy.