Gigaba told Malikane to 'keep quiet' after nationalisation comments

Finance Minister Malusi Gigaba says he will reassure investors that South Africa remains good destination for investment despite being downgraded to junk status by two international rating agencies.

Gigaba was addressing the media in Pretoria on Wednesday morning ahead of a trip to attend meetings of the International Monetary Fund and World Bank in the United States.

EWN reporter Barry Bateman, says the Minister also announced he will be having a one-on-one meeting with his German counterparts.

He did speak about Moody's, the one rating agency which has not downgraded South Africa.

Barry Bateman, EWN reporter

He says he will assure the rating agency of government’s policy direction.

Gigaba also commented on the remarks made by the new advisor to National Treasury Professor Chris Malikane calling for nationalisation. Bateman says the minister seemed agitated at the questions about his advisor.

Read: Gigaba advisor reaffirms his call for nationalisation

He firstly said don't be agitated by one of my advisors. I'm the Minister. I'm my own man. I will be making decisions, and my decisions are informed primarily by ANC policy and decisions made by Cabinet.

Barry Bateman, EWN reporter

Bateman says Gigaba said he had told Malikane to 'keep quiet'.

He also said they are looking into announcing the new director general end of May.

Listen to the audio below to hear Minister's comments on radical economic transformation...

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