Goldman Sachs MD on how Pravin Gordhan’s fight against a downgrade is going

(Also read "How Pravin Gordhan’s fight to stave off a ratings downgrade is going".)

The Money Show’s Bruce Whitfield interviewed Colin Coleman, Managing Director of Goldman Sachs.

Coleman – who was in London with Finance Minister Pravin Gordhan to deal with a possible ratings downgrade for South Africa – gave feedback.

Scroll down for quotes from the audio below.

The Minister asked us to attend this patriotic endeavour.

Colin Coleman, Goldman Sachs

Pravin Gordhan did a fantastic job. His team is outstanding.

Colin Coleman, Goldman Sachs

We’ve probably won some time; until June.

Colin Coleman, Goldman Sachs

Eskom is a core focus. South African Airways also.

Colin Coleman, Goldman Sachs

Brazil, Russia, Turkey… They all have similar problems.

Colin Coleman, Goldman Sachs

The centre piece of this all is to move growth to above one percent.

Colin Coleman, Goldman Sachs

If we implement some basic reforms within the next month or two we might win another six months.

Colin Coleman, Goldman Sachs

The business community has great confidence in Pravin Gordhan.

Colin Coleman, Goldman Sachs

South Africans must get behind this process. A downgrade is bad for everybody.

Colin Coleman, Goldman Sachs

It’s better for us to take the pain we need to take.

Colin Coleman, Goldman Sachs

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
Avocados are better than sex

Avocados are better than sex

Fuelled by skyrocketing demand at home and abroad, the SA avo industry is thriving, says the SA Avocado Growers Association.

Daily Maverick – pivotal to democracy (e.g. #GuptaLeaks) – asks for a donation

Daily Maverick – pivotal to democracy (e.g. #GuptaLeaks) – asks for a donation

The Money Show’s Bruce Whitfield interviews Daily Maverick Publisher Styli Charalambous.

Billionaire gives away R100 billion, leaving only 0.0002% of fortune for himself

Billionaire gives away R100 billion, leaving only 0.0002% of fortune for himself

You've probably never heard of Chuck Feeney. Nevertheless, he’s one of the strangest, most impactful people who has ever lived.

How Pravin Gordhan’s fight to stave off a ratings downgrade is going

How Pravin Gordhan’s fight to stave off a ratings downgrade is going

London-based Peter Attard Montalto, Emerging Markets Economist at Nomura, discusses how Pravin Gordhan’s delegation is doing.

Pravin Gordhan meets with 60 CEOs about how to avoid a ratings downgrade

Pravin Gordhan meets with 60 CEOs about how to avoid a ratings downgrade

The Money Show’s Bruce Whitfield interviewed Peter Bruce, Editor-in-Chief of Business Day and Financial Mail.

Pravin Gordhan is South Africa’s most powerful person - John Matisonn

Pravin Gordhan is South Africa’s most powerful person - John Matisonn

John Maytham interviews famed political author John Matisonn, who calls Pravin Gordhan "a strategist and patriot with integrity".

Popular articles
Robots are already replacing financial advisors right here in South Africa

Robots are already replacing financial advisors right here in South Africa

But can they be trusted? Are they independent? Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

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.)

You’re either a ‘money slave’ or a ‘money master’ (says author of 'My Money')

You’re either a ‘money slave’ or a ‘money master’ (says author of 'My Money')

The Money Show’s Bruce Whitfield interviews Sugar Creek financial expert and author of “My Money” Gerald Mwandiambira.

How to make money through ‘buy-to-let’ (using very little of your own money)

How to make money through ‘buy-to-let’ (using very little of your own money)

Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".

Retirement: 8 biggest mistakes people typically make…

Retirement: 8 biggest mistakes people typically make…

The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.