'Zuma years destroyed confidence' in investors: Mboweni

International leaders have gathered in an effort to find a way forward for the global economy. Team South Africa is also hoping to drum up more investments. Courtesy #DStv403

JOHANNESBURG - Finance Minister Tito Mboweni says South Africa is on a path of renewal and growth.

He says it follows the wasted years of Jacob Zuma's presidency.

WATCH: Ramaphosa tells Davos investments into SA have soared

“First of all, we must understand that the Zuma years destroyed confidence amongst investors in South Africa. When you destroy investors confidence, the natural consequence of that is that investment dries up. Post-2017, confidence has been returning to South Africa, policy uncertainty is being removed and greater certainty is coming back.” 

Mboweni is part of President Cyril Ramaphosa's Team South Africa, who are at the World Economic Forum in Davos.

Watch Mboweni's full interview with eNCA Senior Reporter Annika Larsen