Mr Mboweni is a man of gravitas.— Victoria Reuvers, Morningstar Investment Management SA
How will Tito Mboweni’s appointment as Finance Minister in place of Nhlanhla Nene impact investors?
Here’s what she thinks about Mboweni’s appointment:
It’s a well-considered and good appointment. Minister Mboweni is well known and respected by domestic and international investors.
He has private sector experience and understands the challenges it faces.
- His appointment is very positive for the South African market, boosting confidence locally and abroad. It illustrates President Cyril Ramaphosa’s willingness to take a hard stance on even the appearance of involvement with corruption.
The outlook for the South African investor:
The market cheered the change; reflected in rand strength seen post the announcement.
Moody’s is likely to keep South Africa’s investment grade but may downgrade its outlook from “positive” to “stable”.
- The upcoming Mid-term budget speech – “no comment” is her somewhat frightening remark.
For more detail listen to the interview in the audio below (and/or scroll down for quotes from it).
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
Ray White interviews Thobelani Maphumulo, author of "Invest Your Way to Wealth".
Data shows that almost everyone sucks at investing, says Warren Ingram. Here's how to avoid shooting yourself in the foot.
Bruce Whitfield interviews Peter Attard Montalto (Intellidex) and independent policy and political analyst Dr Somadoda Fikeni.
Bruce Whitfield interviews Dr Azar Jammine (Econometrix) and Kagiso Pooe (North-West University).
Cassper Nyovest (and his bank manager) would like to thank Cyril Ramaphosa and Nhlanhla Nene for the expected boost in sales.
The Money Show's Bruce Whitfield interviews Political Economy Analyst Daniel Silke and independent political analyst Nic Borain.
The bank rewards innovation with substantial bonuses and pays according to output not hours at work, says Lesley-Anne Gatter.
The Money Show’s Bruce Whitfield interviews Manie van Schalkwyk, Executive Director at The South African Fraud Prevention Service.
CEO Dr Broomberg has rubbished reports that a KwaZulu-Natal patient died after the company stopped payments.
Western Cape traffic chief Kenny Africa explains what you should do if you're the first responder at the scene of an accident.
ANC veteran Mavuso Msimang says South African ambassador to Denmark should be held accountable for her tweets.
His family believed he had died and performed a memorial service for him but now they are struggling to get him back home.
Busisiwe Mkhwebane is reportedly probing President Cyril Ramaphosa for alleged money laundering to the tune of R400m.
A waitress at The Beerhouse in Fourways who received the generous donation wants to finish her matric and become a paramedic.
The name Mabena has become synonymous with out of step and clumsy soldiers, and it seems one made an appearance at Parliament.