If Pravin Gordhan goes what would happen to the economy?

Finance Minister Pravin Gordhan is considered a key figure for markets and investors. Dr Azar Jammine, Chief Economist Econometix, paints a bleak scenario if the Finance Minister were to leave because of the Hawks investigation.

It is critically important, especially in light of the events of the past year where there has been growth in concerns of state capture.

Dr Azar Jammine, Chief Economist Econometix

Allied concerns would be over credit ratings agencies looking very closely at what is happening in terms of our ability to control government fiances, added Jammine

We have to nip it in the bud and Pravin Gordhan has been in the forefront of attempts to do that.

Dr Azar Jammine, Chief Economist Econometix

If not, it would cause a worse market meltdown than last December.

Gordhan has built a very strong team around him, and Jammine says they would likely just depart if Gordhan was no longer there.

jammine says the worst case scenario of Gordhan departure would see the rand plummet fuurther, infaltion rocket, interest rates rise, cosumers suffer even more and an economy that would spiral downward into severe recession.

He says if the situation is of a more long term nature between Girdhan and the hawls, it would create longer term uncertainty which could have an ironic positive spin off.

Uncertainty would cause the rand to remain depressed and exporters can take advantage of that.

Listen to the full interview below:

Read More
Cape residents billed over R31 million in December for water overusage

Cape residents billed over R31 million in December for water overusage

Cape Town City billed ratepayers over R33 million for failing to adhere to imposed level 3 water restrictions.

Davos WEF is about the economy of the super rich 1% - Oxfam Inequality Report

Davos WEF is about the economy of the super rich 1% - Oxfam Inequality Report

Oxfam says the World Economic Forum is the most elitist gatherings and the most expensive economic event on the calendar.

Rating agencies do make mistakes, but still carry weight - expert

Rating agencies do make mistakes, but still carry weight - expert

Moody's Corp has agreed to pay $864 million to settle with the United States government over pre-crisis ratings.

D-Day for Vuwani demarcation submissions

D-Day for Vuwani demarcation submissions

Vuwani residents have until Monday afternoon to make submissions to Demarcation Board on how they want boundaries determined.

South Africa awaits decision to recall Ford Kuga (or not)

South Africa awaits decision to recall Ford Kuga (or not)

Ford SA and National Consumer Commission are expected to hold a joint media briefing regarding the future of Ford Kuga vehicles.

Limpopo DBE given 72 hours to release matric results of alleged cheating pupils

Limpopo DBE given 72 hours to release matric results of alleged cheating pupils

Court orders Basic Education Department to release pupils' matric results implicated in cheating despite an ongoing investigation.

Popular articles
Naked Scientist explains why mosquitoes 'discriminate' who they bite

Naked Scientist explains why mosquitoes 'discriminate' who they bite

Dr Chris Smith explains why some people are more desirable than others to mosquitoes.

Absa may have to pay R2.25 billion for unlawful apartheid era bank bailout

Absa may have to pay R2.25 billion for unlawful apartheid era bank bailout

M&G's Pauli Van Wyk speaks about Public Protector's preliminary report implicating Absa, Reserve Bank, Treasury and Presidency.

Arresting 106 dodgy licensing officials just the beginning - Mashaba

Arresting 106 dodgy licensing officials just the beginning - Mashaba

Over 100 corrupt Joburg licensing officials will be arrested, explains Herman Mashaba who says it's just the tip of the iceberg.

Social grant beneficiaries to automatically qualify for NFSAS funding

Social grant beneficiaries to automatically qualify for NFSAS funding

Social Development announced that 80% of social grant beneficiaries who wrote matric exams obtained a diploma or bachelor pass.

House prices slump in some parts of the country

House prices slump in some parts of the country

Property economist at FNB, John Loos, says the drop in house prices is due to slow pace in economic growth.

Vaal Dam levels increase by 5.2%

Vaal Dam levels increase by 5.2%

Department of Water and Sanitation says recent rains have increased the Vaal Dam levels but more is still needed.

Dlamini-Zuma part of ANC's lacklustre old furniture -  political analyst

Dlamini-Zuma part of ANC's lacklustre old furniture - political analyst

Political analyst Prince Mashele says Nkosazana Dlamini-Zuma doesn't qualify for presidency and has nothing to offer to citizens.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Singer Patricia Lewis speaks of music career, and being a mother

Singer Patricia Lewis speaks of music career, and being a mother

South Africa's top-selling female recording artist in history, Patricia Lewis, tells Xolani Gwala about what she is up to now.