5 ways Pravin Gordhan stepped up to save us from a downgrade

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.

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Article brought to us by Old Mutual.

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