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
Voting process 'irregular' at KZN ANC 2015 elective conference, court hears

Voting process 'irregular' at KZN ANC 2015 elective conference, court hears

Several branches have taken the KZN ANC leadership to court, calling for it to be dissolved and their resolutions nullified.

Zweli Mkhize: We used to deal with the smoke before the flames could appear.

Zweli Mkhize: We used to deal with the smoke before the flames could appear.

Stephen Grootes in conversation with ANC treasurer general about the situation within the party and current leadership contests.

Remembering Marikana tragedy 5 years on

Remembering Marikana tragedy 5 years on

EWN reporter Gia Nicolaides says not much has changed for the families of the mine workers over the last five years.

Ahmed Timol's death took place in the afternoon of 27 October testifies witness

Ahmed Timol's death took place in the afternoon of 27 October testifies witness

A coloured former security branch officer whose identity has been kept secret says white security cops placed little trust in him.

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Cyril Ramaphosa's ex-wife says abuse allegations spread by EFF leader Julius Malema are an attempt to tarnish his reputation.

Bob Mugabe flying in, could sort out his wife's legal woes

Bob Mugabe flying in, could sort out his wife's legal woes

Political analyst David Monyae says this puts everyone including President Jacob Zuma and Robert Mugabe in an awkward situation.

Popular articles
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.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

Best way to get richer (especially if you’re between ages 20 and 45)

Best way to get richer (especially if you’re between ages 20 and 45)

Still young(ish)? Consider the single best thing you can do to increase your wealth by much more than the inflation rate.

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...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.