I was wrong not to worry about SA's finances – The Economist Africa Editor

Africa Editor at The Economist in London Jonathan Rosenthal often told investors that they need not worry about South Africa's finances because of a strong South African Reserve Bank and Finance Ministry.

“I was wrong,” he now says.

The Money Show’s Bruce Whitfield interviewed Rosenthal.

Scroll down for quotes from the audio below.

This was not a positive move at all.

Jonathan Rosenthal

We’ve had great Finance Ministers and fantastic Sarb governors.

Jonathan Rosenthal

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI

702 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 702 community a safe and welcoming space for all.

702 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.

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

Read More
'Zuma administration adding to growing credibility crisis'

'Zuma administration adding to growing credibility crisis'

The negative perception of President Jacob Zuma's administration has been compounded by his decision to recall Nhlanhla Nene as finance minister political analyst Ralph Mathekga.

SA's new finance minister David van Rooyen leaves investors with uncertainty

SA's new finance minister David van Rooyen leaves investors with uncertainty

"There is a lot more uncertainty with the appointment of someone who has no executive training and without enough experience", says Peter Attard Montalto.

Nene's axing highlights Zuma's 'patronage system' - analyst

Nene's axing highlights Zuma's 'patronage system' - analyst

Independent political economist, Dr Mzukisi Qobo, says the appointment of David Van Rooyen gives indication to Zuma's mindset, one of patronage.

#ZumaMustFall trends on Twitter following cabinet reshuffle

#ZumaMustFall trends on Twitter following cabinet reshuffle

Following last night's announcement by the Presidency that Finance Minister, Nhlanhla Nene would be replaced by a David Van Rooyen, people have take to Twitter to express outrage.

'His Worst Decision Ever' - Sam Mkokeli on Zuma's latest move

'His Worst Decision Ever' - Sam Mkokeli on Zuma's latest move

Business Day's associate political editor, Sam Mkokeli, explains why he believes President Jacob Zuma's latest move is his worst one yet.

Popular articles
[LISTEN] IRR believes list of targeted farms is genuine

[LISTEN] IRR believes list of targeted farms is genuine

Institute for Race Relations researches Terence Corrigan explains why they believe the list Afriforum has released is genuine.

The UAE is pumping billions into the Horn of Africa

The UAE is pumping billions into the Horn of Africa

The Money Show's Bruce Whitfield interviews Africa correspondent Lee Kasumba

'Minnie understood he might become a target'

'Minnie understood he might become a target'

Marianne Thamm wrote the forward to 'The Lost Boys of Bird Island' and worked with Mark Minnie in editing the controversial book.

[WATCH] Dad dresses up as a mom so his sons don't feel left out on Mother's Day

[WATCH] Dad dresses up as a mom so his sons don't feel left out on Mother's Day

Khabazela shares Facebook posts, YouTube videos that have gone viral including one with the smartest dogs.

[LISTEN] Is your phone listening in on your conversations?

[LISTEN] Is your phone listening in on your conversations?

MD at World Wide Worx Arthur Goldstuck explains how your phone may record your voice conversations.

'Black Tax'... working hard, earning well, but struggling financially

'Black Tax'... working hard, earning well, but struggling financially

Young(ish) South Africans tell stories of the mixed emotions they feel when supporting family members, and tips from an advisor.

Castro bodyguard shares tales of dictator’s double life and breath-taking wealth

Castro bodyguard shares tales of dictator’s double life and breath-taking wealth

Juan Sanchez shares stories of Fidel Castro that’ll make you re-examine everything you thought you knew about the Cuban dictator.