If Pravin Gordhan goes what would happen to the economy?

Finance Minister Pravin Gordhan is considered a key figure for markets and investors. Dr Azar Jammine, Chief Economist Econometix, paints a bleak scenario if the Finance Minister were to leave because of the Hawks investigation.

It is critically important, especially in light of the events of the past year where there has been growth in concerns of state capture.

Dr Azar Jammine, Chief Economist Econometix

Allied concerns would be over credit ratings agencies looking very closely at what is happening in terms of our ability to control government fiances, added Jammine

We have to nip it in the bud and Pravin Gordhan has been in the forefront of attempts to do that.

Dr Azar Jammine, Chief Economist Econometix

If not, it would cause a worse market meltdown than last December.

Gordhan has built a very strong team around him, and Jammine says they would likely just depart if Gordhan was no longer there.

jammine says the worst case scenario of Gordhan departure would see the rand plummet fuurther, infaltion rocket, interest rates rise, cosumers suffer even more and an economy that would spiral downward into severe recession.

He says if the situation is of a more long term nature between Girdhan and the hawls, it would create longer term uncertainty which could have an ironic positive spin off.

Uncertainty would cause the rand to remain depressed and exporters can take advantage of that.

Listen to the full interview below:

Read More
25 civilians die in DRC ethnic killings

25 civilians die in DRC ethnic killings

The massacres have destroyed Hutu families, with many civilian victims hacked to death and decapitated with machetes.

Xenophobia fears simmer in Tshwane

Xenophobia fears simmer in Tshwane

Foreign nationals say police are not protecting them after houses were set alight by angry community members.

Trump says his comments on Sweden terror attack were based on Fox News report

Trump says his comments on Sweden terror attack were based on Fox News report

Eyebrows were raised when President Donald Trump's referenced a terror attack in Sweden that never happened.

 Sweden's Kjell Jonevret is the new Orlando Pirates coach

Sweden's Kjell Jonevret is the new Orlando Pirates coach

Orlando Pirates chairman Irvin Khoza has announced that Kjell Jonevret will coach the Buccaneers for the next three years.

ANC divisions sown under Zuma's leadership deepen - political analyst

ANC divisions sown under Zuma's leadership deepen - political analyst

Battle lines have been drawn: those ANC members with Finance Minister Pravin Gordhan... and those against him.

EFF members pelt police with stones, demanding entry to #GPSOPA2017

EFF members pelt police with stones, demanding entry to #GPSOPA2017

EFF tried to force their way into Randfontein stadium where Gauteng Premier delivered his State of the Province Address.

Popular articles
Eek! Cape Town Mayor Patricia de Lille goes door-to-door to scold water-wasters

Eek! Cape Town Mayor Patricia de Lille goes door-to-door to scold water-wasters

Water wasters, beware! The Cape Town Mayor has had enough of you. And she’ll tell you in your face…

Why the iconic Nokia 3310 is so appealing (and making a comeback!)

Why the iconic Nokia 3310 is so appealing (and making a comeback!)

The most resilient and reliable phone ever made is making a comeback and some are saying it's long overdue. Here's why.

I have suffered backlash from white people (and black people) - Kasi Mlungu

I have suffered backlash from white people (and black people) - Kasi Mlungu

Anita Ronge, famously known as Kasi Mlungu, talks music career, race and township lifestyle with Eusebius McKaiser.

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.