Tag ArchivesPravin Gordhan

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

Mogajane appointed as acting Treasury DG

Dondo Mogajane, the Deputy Director-General responsible for the Public Finance division, has been appointed as the acting Director-General for the National Treasury. The announcement was made late Monday in a statement. (more…)

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Pile-of-dollars

FSB confirms probe into forex futures contracts

  The Financial Services Board’s (FSB) Department for Market Abuse, which is responsible for carrying out the mandate of the Directorate of Market Abuse (DMA), is currently conducting an investigation into possible insider trading in certain foreign exchange futures contracts before the recall of former Finance Minister Pravin Gordhan from office. (more…)

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ASISA-logo

S&P’s downgrade deals severe blow to South Africa’s inclusive growth and economic transformation

Standard & Poor’s downgrade of South Africa’s global credit rating to junk status is the unfortunate consequence of a complete reversal in Government’s governance and macroeconomic management strategy implemented since 1994 to stabilise the country’s fiscus. This is according to the Association for Savings and Investment South Africa (ASISA). (more…)

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Pravin Gordhan

Gordhan goes, but ‘not the time to panic’

By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), Old Mutual Multi-Managers. It was a week of high drama, which culminated in the removal of Finance Minister Pravin Gordhan, his deputy Mcebisi Jonas, and other ministers and deputy ministers on Thursday night. (more…)

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

‘Axing of Finance Minister a huge set back for country’s economy’

The Association for Savings and Investment South Africa (ASISA) has described the axing of Finance Minister Pravin Gordhan and his deputy as extremely disappointing and ill timed. (more…)

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President Jacob Zuma

What the ANC thinks about the cabinet reshuffle

This afternoon, the African National Congress (ANC) issued a statement about last night’s cabinet reshuffle.  (more…)

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Prof Raymond Parsons

Reshuffle heightens policy uncertainty

Political changes at the National Treasury as a result of the cabinet reshuffle this week, heightens policy uncertainty.  This is according to Professor Raymond Parsons, NWU School of Business and Governence Economist. (more…)

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President Jacob Zuma and Pravin Gordhan

Five days in South Africa

These past few days have been a harrowing and difficult time for most South Africans. We lost struggle stalwart Ahmed Kathrada, (affectionately known as ‘Uncle Kathy’), President Jacob Zuma once again behaved badly by recalling Finance Minister Pravin Gordhan from an international roadshow – and the poor old rand took a tumble. (more…)

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