Today's Big Stories

Zuma's cabinet reshuffle will still have major knock-on effects, says economist

President Jacob Zuma's decision to redeploy Pravin Gordhan to the finance portfolio comes a little too late, according to economist Dr Azar Jammine.

Jammine on Monday said that the rand has still weakened by over 10% since the initial cabinet reshuffle was announced last week.

He said that the probability is high that interest rates will rise, seeing the inflation rate edge towards 7% and consequently affecting employment creation.

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

A lot of the damage has been done, but this latest move does come as a relief. I think the ratings agencies will regard it as too late.

Dr Azar Jammine, Director and Chief Economist at Econometrix

Poor old Pravin Gordhan is going to have his work cut out for him to try and stick to the budget deficit.

Dr Azar Jammine, Director and Chief Economist at Econometrix

Markets are going to be terribly edgy about when President Zuma is going to put his foot in it again.

Dr Azar Jammine, Director and Chief Economist at Econometrix
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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

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

If you're gona be a hero (and smash a car window), make sure you can prove harm

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SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

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'Dear Mr President'... high-profile South Africans pen open letter to Zuma

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Zuma returns Gordhan as finance minister

Zuma returns Gordhan as finance minister

President Jacob Zuma has brought back Pravin Gordhan as the finance minister hardly a week after removing Nhlanhla Nene from the post.

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