The Money Show’s Bruce Whitfield interviews Citadel Chief Strategist Dr Adrian Saville.
Saville discussed the following five ways in which Finance Minister Pravin Gordhan stepped up to save us from a downgrade:
Clarity of purpose and collective public gains.
Coherence in narrative and commitment to stay the course.
Zero tolerance in repair of state organs (SOEs, especially SAA’s board, as a case in point).
Cooling of hot money (R4-billion flowed in yesterday and 7% carry was wiped out by the rand’s fall).
- Call to action and power of unity/common purpose (especially for ratings agencies to see public-private cohesion).
Listen to the audio below for more detail.
Bruce Whitfield interviews business leaders for their response to the Hawks summons to Finance Minister Pravin Gordhan.
Gordhan has been ordered to report to the Hawks on Thursday for “warning statements”.
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