The ratings agencies Standard & Poor’s and Fitch have downgraded South Africa’s status to junk, citing concerns about possible changes in policy following the sacking of former Finance Minister Pravin Gordhan.
Moody’s will soon make its decision.
The Money Show’s Bruce Whitfield interviewed Econometrix Chief Economist Dr Azar Jammine.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
The markets are adopting a wait-and-see attitude… they still carry a lot of scepticism about Malusi Gigaba…— Dr Azar Jammine, Econometrix
Gigaba did himself a huge disservice on his first day.— Dr Azar Jammine, Econometrix
I don’t think there’s one litmus test. It’s going to take place over an entire year, or more. The big test will be the Budget next year.— Dr Azar Jammine, Econometrix
What he’s going to have to try and prove is that he is determined to fight corruption. Because there’s a suspicion that he has been put in that position to pass a number of deals that is unsavoury.— Dr Azar Jammine, Econometrix
The big suspicion is that it’s not just about competence. It’s about whether he’s captured.— Dr Azar Jammine, Econometrix
The price of gold has shot up and that is good for our current account.— Dr Azar Jammine, Econometrix
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.
Recommendedby THE NEWSROOM
We shop, therefore we are... The Money Show’s Bruce Whitfield interviews FNB Senior Economist Jason Muscat.
The Money Show’s Bruce Whitfield interviews Red and Yellow Creative School of Business Chairperson Rob Stokes.
The Money Show’s Bruce Whitfield interviews Sars Head of Tax Research Randall Carolissen.
The Money Show’s Bruce Whitfield interviews Stanlib Asset Management Chief Economist Kevin Lings.
The Money Show’s Bruce Whitfield interviews Ntuthuko Shezi, founder of a company that raises cattle on small investors' behalf.
The Money Show’s Bruce Whitfield asks ad expert Andy Rice to share with him the week’s advertising “heroes” and “zeroes”.
Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.
AfriForum says it has laid criminal charges against the EFF's Malema, Ndlozi and Shivambu for incitement to commit violent crimes.
Stabbing and mugging attacks this past weekend left visitors concerned about safety on Table Mountain and other hiking trails.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
The Asset Forfeiture Unit is gunning for the Guptas, says City Press. Bruce Whitfield interviews ENS Africa’s Steven Powell.
‘You'd have a gin and tonic & you’d find hold on, that’s not tonic water I’ve put in there, that’s soda water' - Stephen Grootes
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.