Treasury on International Roadshow
14 Mar 2016
The Minister of Finance Mr Pravin Gordhan undertook a roadshow to London, Boston and New York last week, accompanied by leaders from business, three labour federations and senior officials from the National Treasury and the South African Reserve Bank.
The purpose of the roadshow was to engage with international investors after the tabling of 2016 Budget and also provide updates on the latest economic developments in the country and plans for the medium term.
The delegation met with investors who collectively manage several trillions of dollar assets, split between those who are invested in local companies and those who buy the debt issued by government. These are some of the investors we owe in excess of R600 billion (gross debt is currently around R2 trillion).
Meetings were held with over 250 investors, some with significant exposure to South Africa. Among the issues raised by the investors are: