Today's Big Stories

Banking Association SA says van Rooyen must take up the baton amid economic woes

The Banking Association South Africa (Basa) says new Finance Minister David van Rooyen must continue on the stable course his predecessor, Nhlanhla Nene, took in leading National Treasury.

Basa's managing director, Cas Coovadia on Friday said that van Rooyen must take immediate action in the context of investor uncertainty, slow economic growth, a weak rand, credit rating downgrades, high unemployment, the current budget deficit and poorly run parastatals.

We would urge the new minister to really quickly send out the message that he is going to stay the course and continue the work of former minister Nene.

Cas Coovadia, Managing Director at the The Banking Association of South Africa

Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:

"It is important to look at the context. Minister Nene was beginning to tackle all the issues under some very difficult circumstances.

Cas Coovadia, Managing Director at the The Banking Association of South Africa

It's within this context that this appointment does create uncertainty and erode confidence.

Cas Coovadia, Managing Director at the The Banking Association of South Africa

The critical dilemma is that we have to put national interests on the table.

Cas Coovadia, Managing Director at the The Banking Association of South Africa
Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

'Zuma administration adding to growing credibility crisis'

'Zuma administration adding to growing credibility crisis'

The negative perception of President Jacob Zuma's administration has been compounded by his decision to recall Nhlanhla Nene as finance minister political analyst Ralph Mathekga.

SA's new finance minister David van Rooyen leaves investors with uncertainty

SA's new finance minister David van Rooyen leaves investors with uncertainty

"There is a lot more uncertainty with the appointment of someone who has no executive training and without enough experience", says Peter Attard Montalto.

Rand plummets after Nene's sacking

Rand plummets after Nene's sacking

The rand has fallen to R15 to the dollar while there’s still no explanation why Finance Minister Nhlanhla Nene was removed from his portfolio.

Zuma's reshuffle shows lack of economic understanding - Maimane

Zuma's reshuffle shows lack of economic understanding - Maimane

Democratic Alliance leader Mmusi Maimane says the decision to recall Nhlanhla Nene confirms that President Jacob Zuma doesn't understand economics.

Popular articles
Three mistakes to avoid when nominating a beneficiary

Three mistakes to avoid when nominating a beneficiary

Certified Financial Planner Paul Roelofse has a difficult conversation with Phemelo Motene around nominating a beneficiary.

Why low sexual desire is not 'abnormal'

Why low sexual desire is not 'abnormal'

Low sex drive is common and non-sexual relationships can also be fulfilling, explains clinical sexologist Dr Eve.

Man wants end to six-year marriage after wife refuses to cook for him

Man wants end to six-year marriage after wife refuses to cook for him

Geoffrey Matovu filed for divorce in the Family Division of the High Court accusing Ms Tryphena Nakiyingi of being disrespectful.

Jerome Booysen of Sexy Boy's life could be under threat

Jerome Booysen of Sexy Boy's life could be under threat

A fight broke at a hospital where Booysen was admitted and it is believed Booysen was the target of the scuffle.

Estate agent Aida admits it’s the source of SA’s largest data hack ever

Estate agent Aida admits it’s the source of SA’s largest data hack ever

The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.

UCT engineering student creates affordable grey water system

UCT engineering student creates affordable grey water system

Nkosinathi Nkomo came up with a system that could turn grey water into usable water amidst the Cape Town water crisis.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.