Today's Big Stories

'SA markets looking worse than before' - economist

Newly appointed Finance Minister David van Rooyen says his focus will be creating an economic environment that leads to investment and growth.

This comes after he was sworn in at the Union Buildings on Thursday.

Meanwhile, Nedbank economist Isaac Mangena on Friday said the markets look worse than they did a day before.

Listen to the full conversation from The Midday Report:

The rand was at R15, 83 to the US dollar at the time of the interview and Mangena said the Johannesburg Stock Exchange had suffered destruction of value.

Markets can stay irrational for longer than we can take the pain of what is going on at the moment.

Isaac Mangena, Nedbank economist

The new minister is going to have to make the right noises.

Isaac Mangena, Nedbank economist
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