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


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
Van Damme: De Lille has until Monday to respond to maladministration claims

Van Damme: De Lille has until Monday to respond to maladministration claims

The DA has suspended Patricia de Lille from party activities but Eusebius McKaiser says its statement 'is clear as mud'.

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

Connor Weber, fell unnoticed into a bin of water and drowned.

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.

The Steinhoff Story: from humble beginnings to billions

The Steinhoff Story: from humble beginnings to billions

Financial Mail editor Rob Rose chats to Eusebius McKaiser about how Steinhoff became the retail giant we know, before the fall.

Zuma order to pay costs of failed legal suit, a damning indictment: Law expert

Zuma order to pay costs of failed legal suit, a damning indictment: Law expert

Law professor at Wits says the President has now been warned to consider his options very careful when playing delaying tactics.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

How businessman Max Lichaba struck gold with his jewellery company

How businessman Max Lichaba struck gold with his jewellery company

Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.