Madiba's ANC put most of SA's axed finance team there more than 20 years ago

Most of South Africa’s axed finance team was put in place more than two decades ago.

South Africa was nearly bankrupt by the time Nelson Mandela’s ANC took over from the National Party, prompting him to build up a team of smart young recruits.

Most of them were still there two decades later.

Until less than two weeks ago that is.

The Money Show’s Bruce Whitfield interviewed Pippa Green, author of “Choice not Fate: The Life and Times of Trevor Manuel”.

Green wrote a piece for Business Day entitled “SA's sundered finance team was years in the making”.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

What worries me; the institutional memory is very deep; very rich… It takes years to develop depth of expertise…

Pippa Green

We were fortunate to have a leader like Nelson Mandela.

Pippa Green

After apartheid we were teetering on the brink of bankruptcy.

Pippa Green

Nelson Mandela didn’t want to borrow and thereby lose autonomy.

Pippa Green

There were no hasty appointments in the way there is now.

Pippa Green

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 : Madiba's ANC put most of SA's axed finance team there more than 20 years ago


Recommended

by THE NEWSROOM

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Why companies pay ‘golden handshakes’

Why companies pay ‘golden handshakes’

The Money Show’s Bruce Whitfield interviews Khokhela Consulting MD Laurence Grubb.

'We should be cutting interest rates, but there’s so much uncertainty!'

'We should be cutting interest rates, but there’s so much uncertainty!'

South Africa’s repo rate remains unchanged at 6.75%. Bruce Whitfield interviews Nedbank economist Busisiwe Radebe.

Cape Town is set to make history and headlines around the world on 21 April 2018

Cape Town is set to make history and headlines around the world on 21 April 2018

For centuries it had abundant water supplies. That's over. Bruce Whitfield interviews Future Water Institute’s Dr Kevin Winter.

5 business building habits to develop for 2018

5 business building habits to develop for 2018

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Strategies for reducing your exposure to Naspers

Strategies for reducing your exposure to Naspers

Naspers constitutes a whopping 20% of the Top 40 index. Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

You can definitely teach creativity! – Rob Stokes (Red and Yellow )

You can definitely teach creativity! – Rob Stokes (Red and Yellow )

The Money Show’s Bruce Whitfield interviews Red and Yellow Creative School of Business Chairperson Rob Stokes.

Popular articles
Bergvliet High School implements water saving measures

Bergvliet High School implements water saving measures

The school has started implementing its short-terms goals, tabled with the help of parents, staff and learners.

No returns, no refunds school uniform shop to be taken to task

No returns, no refunds school uniform shop to be taken to task

Parents are concerned about Felix Sports no returns, no refunds and no exchanges policy.

This is how much you should be paying your domestic worker

This is how much you should be paying your domestic worker

Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.