Political moves on Gordhan keeps rand vulnerable – Economist George Glynos

If this noise would just go away the rand would strengthen quite significantly through the course of the next 12 to 18 months.

George Glynos, ETM Analytics

Why is the ANC not listening to voters?

George Glynos, ETM Analytics

Because there are so many vested interests; the fear is that this will drag on.

George Glynos, ETM Analytics

Political manoeuvring around Finance Minister Pravin Gordhan is ongoing, and it’s keeping the South African rand vulnerable, says ETM Analytics Economist George Glynos.

Some noteworthy recent developments:

  • Speculation that the Hawks are pressuring former Finance Minister Nene into testifying against Gordhan.

  • With South Africa at the G20 at the start of the week; political action against Gordhan is likely to be delayed.

  • Occupy Luthuli House protests have escalated efforts to pressure the ANC into removing Zuma.

  • Weaker than expected US payrolls data raises doubts about the Fed’s appetite to hike

The Money Show’s Bruce Whitfield interviewed Glynos.

Scroll down for more quotes from the audio below.

Sometimes you just want to ask these politicians to stop it!

George Glynos, ETM Analytics

The ANC is deeply, massively divided.

George Glynos, ETM Analytics

This affects everybody, but especially the poor.

George Glynos, ETM Analytics

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : Political moves on Gordhan keeps rand vulnerable – Economist George Glynos


Recommended

by NEWSROOM AI
Read More
State capture… The Hawks vs Pravin (and the rand?)… SOEs… stock picks…

State capture… The Hawks vs Pravin (and the rand?)… SOEs… stock picks…

7 most-read, most-talked-about "The Money Show" articles of the past week.

Why this large asset manager has stopped lending to SOEs

Why this large asset manager has stopped lending to SOEs

Bruce Whitfield interviews Andrew Canter, the CIO of Futuregrowth – a firm with R170 billion under management.

Parliament questions Eskom’s relationship with Gupta-linked Tegeta

Parliament questions Eskom’s relationship with Gupta-linked Tegeta

The Money Show's Bruce Whitfield interviews EWN reporter Gaye Davis, who was in Parliament on Wednesday.

SAA, Eskom, Prasa, Denel and the Reserve Bank… What’s the story?

SAA, Eskom, Prasa, Denel and the Reserve Bank… What’s the story?

Financial Mail Deputy Editor Sikonathi Mantshantsha discusses why these institutions are making headlines.

'This starts long before Jacob Zuma. It starts with Thabo Mbeki' - Prof Chipkin

'This starts long before Jacob Zuma. It starts with Thabo Mbeki' - Prof Chipkin

Bruce Whitfield interviews Prof Ivor Chipkin from the Public Affairs Research Institute about his recently released working paper.

What will happen to YOUR money if Finance Minister Pravin Gordhan is charged?

What will happen to YOUR money if Finance Minister Pravin Gordhan is charged?

The news is NOT good! The Money Show’s Bruce Whitfield interviews Goldman Sachs SA MD Colin Coleman.

MTN's BEE 'discount'… Sars Wars… things to NEVER do (if you want to be rich)…

MTN's BEE 'discount'… Sars Wars… things to NEVER do (if you want to be rich)…

6 most-read, most-talked-about business articles of the past week.

Popular articles
Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Malema has accused the rogue unit of still being operational and Pravin Gordhan of working in the background against the EFF.

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Cheryl Zondi is testifying against Pastor Timothy Omotoso who is accused of rape and human trafficking in his Durban church.

[WATCH] A golden buzzer for South African trio on talent show

[WATCH] A golden buzzer for South African trio on talent show

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

'The EFF seems to be trying to find scapegoats'

'The EFF seems to be trying to find scapegoats'

Deputy Editor at Financial Mail, Sikhonathi Mantshantsha, seems to be finding excuses as to why its leaders are in trouble.

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

News 24 investigative journalist Kyle Cowan reports that Zuma was granted the loan despite the fact that he could not afford it.

Woman alleges pastor Omotoso began sexually abusing her at 14

Woman alleges pastor Omotoso began sexually abusing her at 14

Nigerian pastor Timothy Omotoso and his two co-accused face multiple charges, including human trafficking, racketeering and rape.

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.