Corruption, misrule will soon end - Sarb Governor Lesetja Kganyago at #WEF18

Reserve Bank Governor Lesetja Kganyago. Picture: Renart Toerien/EWN.

South Africa is in a much better space now than where it was when previous ratings actions took place.

Lesetja Kganyago, South African Reserve Bank

Corruption and misrule will soon be history.

Lesetja Kganyago, South African Reserve Bank

South African Reserve Bank Governor Lesetja Kganyago believes the new ANC leadership’s attempts at rooting out corruption and fixing the lacklustre economy may sway ratings agencies to hold off another downgrade.

Optimism that the Jacob Zuma era will soon come to an end – and the appointment of a new board at Eskom - has boosted the rand to a 2.5-year high.

The Money Show’s Bruce Whitfield interviewed Kganyago, who is attending the 2018 World Economic Forum in Davos, Switzerland.

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

This year we’re struggling to find space in our programs… because there’s so much interest from investors…

Lesetja Kganyago, South African Reserve Bank

The cheapest form of economic stimulus is to restore business and consumer confidence. You pay nothing for it!

Lesetja Kganyago, South African Reserve Bank

The premium we have to pay investors have come down… simply by turning around the sentiment…

Lesetja Kganyago, South African Reserve Bank

The issues we must deal with to protect our credit rating are not rocket science!

Lesetja Kganyago, South African Reserve Bank

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This article first appeared on 702 : Corruption, misrule will soon end - Sarb Governor Lesetja Kganyago at #WEF18


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