Tag ArchivesGordhan

IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Clear protocols required for business and government to work together

In spite of the political and economic uncertainty as a result of government actions recently, the South African business sector remains committed to working with the government and other stakeholders to restore confidence in the economy. (more…)

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Former President Jacob Zuma

No ANC sanction for Zuma

There has been no ANC sanction for President Jacob Zuma, following a cabinet reshuffle and a downgrade from the ratings agency Standard and Poor’s. (more…)

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Lesiba Mothata, Chief Economist, Investment Solutions

Implications of junk status for SA investors

Ratings agencies have different approaches to assessing the debt issued by the National Treasury in domestic and local currency. To fund government expenditure, Treasury borrows in local currency (90% of total outstanding stock) or in foreign currency (10%) in international markets. In other words, the so-called junk status relates to 10% of total debt issued […]

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Mokgatla Madisha

Cabinet Reshuffle: how it impacts you

“Don’t get distracted, focus on the fundamentals,” says Mokgatla Madisha, Head of Fixed Interest at Sanlam Investment Management. The political situation in South Africa has been fluid for quite some time so the events of last week are not all that surprising. They serve merely to distract government and business from focusing on the real […]

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#CabinetReshuffle and its impact on South Africa’s sovereign ratings

By Christie Viljoen, Senior Economist at KPMG in South Africa. Currently, S&P Global Ratings and Fitch Ratings both rate South Africa “BBB-” with a negative outlook. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Zuma replaces Gordhan with Gigaba

The most important change is that Malusi Gigaba has replaced Pravin Gordhan as Minister of Finance while Sfiso Buthelezi has been appointed as the Deputy Minister of Finance, the Institute of Race Relations (IRR) says, following last night’s cabinet reshuffle. (more…)

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How close are we to a cabinet reshuffle?

No doubt many have already seen today’s Business Day’s headline: “Zuma: Treasury standing in way of transformation.” (more…)

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Finance Minister Pravin Gordhan

Oakbay website attack on Minister Gordhan

National Treasury says in a statement that it notes the filing of an answering affidavit on Friday in the Pretoria High Court in response to Minister Gordhan’s application. (more…)

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