Global Investors are less 'headline grabby' than SA investors - Refilwe Moloto

Refilwe Moloto, Founder & Principal Advisor at Ambassador Advisory says international investors are not looking to punish South Africa for poor policy and that travel for ministers is frequently cancelled.

Finance Minister Pravin Gordhan arrived back in South Africa on Tuesday morning after being instructed to return from London by President Jacob Zuma.

Drawing on the impact this week's events on the rand and some of the speculation around Gordhan's request to return home, Moloto explains he is not the only minister who has ever been called home.

Global investors are not looking for reasons to punish South Africa for poor policy decisions. What they are really looking for is 'I would like some predictability, clarity and I'd like to be able to price my risk and I might even buy into you'.

Refilwe Moloto, Founder & Principal Advisor at Ambassador Advisory

The concern for them I think is that many had already priced in a bit of political uncertainty at the top in terms of those structures. What I think many of them are looking at now is a sense of whether this calling home and the imminent expected cabinet reshuffle signifies a significant move towards a little less independence in institutional structures.

Refilwe Moloto, Founder & Principal Advisor at Ambassador Advisory

We must caution against the daily moves, what we really worried about here is can we from a policy and long term perspective, protect South Africa from the eminent downgrade that we were able to avert in December.

Refilwe Moloto, Founder & Principal Advisor at Ambassador Advisory

Click on the link below to listen to the full audio...


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