Tag ArchivesPravin Gordhan

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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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Finance Minister Pravin Gordhan

Gordhan back in SA tomorrow

Following a directive from the President of the Republic of South Africa, Finance Minister Pravin Gordhan and National Treasury Director General Lungisa Fuzile are preparing to return tonight from the UK and are expected to arrive in South Africa tomorrow morning.  This is according to a statement from the National Treasury. “Deputy Minister Mcebisi Jonas […]

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Former Finance Minister Pravin Gordhan

When will Gordhan come home?

The question on investors’ lips this afternoon is:  Will Finance Minister Pravin Gordhan “obey” President Jacob Zuma and return home from the planned Treasury roadshows in the UK and US? (more…)

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