Finance Minister Pravin Gordhan has hosted a session at the World Economic Forum's Africa Summit, to discuss financial markets on the continent.
Gordhan says that global investors must be aware of the political economies into which they inject their money, Stephen Grootes reports.
He's saying that we need to pay more attention attention to those countries. It's not just about the economy or financial markets - investors need to look at the political system.— Stephen Grootes
According to Grootes, Gordhan says African policy-makers need to manage programmes better to facilitate African capital markets.
He says we need try and get the West to start investing and borrowing in African countries, in African currencies. He says you need to get the politics of that right first.— Stephen Grootes
Listen to the full conversation from The Midday Report:
#WEFAfrica Gordhan: We want to voice the "Pickety Phenoman" where the rich with capital get richer and not the poor. SG— EWN Reporter (@ewnreporter) May 12, 2016
#WEFAfrica Gordhan: We are moving from exchange control system to a prudential system in time. SG— EWN Reporter (@ewnreporter) May 12, 2016