South Africa's Finance Minister Malusi Gigaba speaks at the World Economic Forum on Africa 2017 meeting in Durban, South Africa, May 4, 2017. REUTERS/Rogan Ward
JOHANNESBURG (Reuters) - South Africa's finance minister has sought to allay investor fears over his pledge of "radical economic transformation", toning down the rhetoric just over a month into the job to talk more of "inclusive growth".
Malusi Gigaba, appointed after President Jacob Zuma sacked his predecessor Pravin Gordhan in a move that rattled markets, has backed Zuma's aim of redistributing wealth to poor blacks.
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