Government says it's committed to reducing debt

Pulse Staff 06:36 - 02 September 2016

South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg August 13 2014.

"Government has made bold decisions to restore confidence in the economy and is committed to achieving its fiscal objective of stabilising and reducing debt,"

South Africa's government, which is battling to restore investor confidence against the backdrop of a police probe into Finance Minister Pravin Gordhan that has rattled markets, said on Thursday it remained committed to debt reduction.

"Government has made bold decisions to restore confidence in the economy and is committed to achieving its fiscal objective of stabilising and reducing debt," the government said in a statement.