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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