Business wants fair deal for Gordhan

23 October 2016 - 02:03 By ASHA SPECKMAN

Circumstances surrounding fraud charges against Finance Minister Pravin Gordhan are of deep concern to business, which has issued another declaratory statement this weekend, according to Standard Bank joint CEO Sim Tshabalala. He said business was of the view that the "processes followed have to be fair and correct and the substance of what [Gordhan is] accused of has to be fair and correct".Political developments were negatively flagged by international investors at the South Africa Tomorrow road show in New York recently, he said.story_article_left1"South Africa is well-loved and respected." But investors would scrutinise the medium-term budget policy statement which Gordhan will deliver on Wednesday. "They'll look to see whether as a country we're going to keep to fiscal discipline" and efforts to improve low growth.As uncertainty around Gordhan's position continues, Tshabalala said what should be the utmost priority, regardless of who was finance minister, was that "the job must get done, the budget must get delivered. It must stick to the fiscal ceilings that were committed. The structural changes must carry on."Business has been emboldened in the past few days and has published several pledges in the media.On Friday, close to 100 CEOs were signatories to a pledge in a stand against corruption in the public and private sectors, against damage to growth, job creation and transformation caused by policy uncertainty and "self-seeking" behaviour in the private and public sectors.They said charges against Gordhan were without factual or legal foundation and not in the public interest...

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