Wise legal opinion says this case is going to be very difficult for the NPA to win.— Stephen Grootes
Everybody loses, but the poor is harmed disproportionately.— Goolam Ballim
The reality is that he’s a suspect in a criminal probe.— Ralph Mathekga
The National Prosecuting Authority has formally issued a summons for Finance Minister Pravin Gordhan.
The rand gained more than all other EM currencies so far this year (bar the Mexican peso).
However, within minutes of the NPA moving on Gordhan it fell by 3%.
The decision to prosecute Gordhan, supposedly for approving an R1.1 million early-retirement package, wiped nearly R50 billion off the JSE’s banking index.
Will President Jacob Zuma fire Gordhan?
The Money Show’s Bruce Whitfield posed that question to Ralph Mathekga, Head of Political Economy at Mapungubwe Institute for Strategic Reflection.
Whitfield also interviewed Standard Bank Chief Economist Goolam Ballim about the economic ramifications of such a move.
He also spoke to The Midday Report's Stephen Grootes, who broke the story.
Scroll down for more quotes from the audio below.
Shaun Abrahams has a credibility problem.— Stephen Grootes
This is all about the political dynamics in the ANC.— Stephen Grootes
Remarkably, the rand has depreciated quite modestly for the risk South Africa is facing.— Goolam Ballim
The probability of a downgrade has elevated.— Goolam Ballim
In the last couple of minutes we’ve seen the currency slip another 10 cents.— Goolam Ballim
I have no doubt that many analysts will review their forecasts for 2017 with a lower bias.— Goolam Ballim
A downgrade will compromise South Africa’s jobs market by at least 200 000 formal sector positions.— Goolam Ballim
It’s not OK for the president to fight off the charges against him.— Ralph Mathekga
The Presidency says it values open dialogue, but that it must take place “within the bounds of human decency and decorum".
We live in “interesting” times. Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
"Zuma must go. When you are the president who literally laughs off any suggestions that government be held to a higher standard…"
Bruce Whitfield interviews the Minister and Lumkile Mondi, a lecturer at the Wits School of Economics and Business Science.
Treasury wants legislation to help it keep tabs on individuals in positions of power in the public and private sectors.
It’s make or break time. The next three years will determine if South Africa succeeds or fails in the long term, argues Calland.
If the engine is running and you are sitting behind the wheel you are not allowed to operate your phone says W Cape's JP Smith
Former Eskom chair Zola Tsotsi’s jaw-dropping statements include Tony Gupta saying they could hire or fire Eskom board members.
Coca-Cola has reduced its 500ml "buddy" to 440ml and the traditional 330ml Coke cans will soon have a volume of just 300ml.
Deputy President of MDC says Mugabe's threats could not deter them from their mission to impeach him - they were determined.
Up for a Springboks level scrum? Instructions on how to ensure you get the deals in your inbox the moment they become known...