SA economy on verge of disaster - Presidential economic advisor Prof Alan Hirsch

Nene was a good Minister.

Professor Alan Hirsch

There’ll be low confidence… the rand will weaken… foreign investors will withdraw… Less money will come in… More money will leave... Growth will deteriorate even further… Unemployment will grow…

Professor Alan Hirsch

What will happen if South Africa’s Finance Minister Pravin Gordhan is ejected from office as a result of the charges set out by the National Prosecuting Authority?

Presidential economic advisor Professor Alan Hirsch warns of dire consequences for everyone – from investors and businesses to the poorest of the poor.

He puts it simply: “It will be a train smash… unless the malicious prosecution is halted.”

The Money Show’s Bruce Whitfield interviewed Hirsch.

Listen to the audio below for the interview.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
Treasury says Fica Bill objections are not based on legal opinion

Treasury says Fica Bill objections are not based on legal opinion

The Money Show’s Bruce Whitfield interviews Treasury’s Ismail Momoniat and Banking Association South Africa’s Cas Coovadia.

Why the SA Institute of Race Relations accepted funding from Coca-Cola

Why the SA Institute of Race Relations accepted funding from Coca-Cola

The institute's Gwen Ngwenya explains why it took money from Coca-Cola to fund research on taxing beverages containing sugar.

The world in 10 years' time

The world in 10 years' time

The six megatrends the World Economic Forum believes will happen in the next decade.

5 reasons why you should care about the NPA’s charges against Pravin Gordhan

5 reasons why you should care about the NPA’s charges against Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Financial Mail Deputy Editor Sikonathi Mantshantsha.

Here’s what’ll likely happen to your money if Pravin Gordhan is arrested

Here’s what’ll likely happen to your money if Pravin Gordhan is arrested

The Money Show’s Bruce Whitfield interviews Investment Solutions Chief Economist Lesiba Mothata.

The likelihood of JZ firing Pravin (and what’ll happen to YOUR money if he does)

The likelihood of JZ firing Pravin (and what’ll happen to YOUR money if he does)

Within minutes the rand plunged by 3%. R50 billion got wiped off the JSE’s banking index. Will he? And what'll happen if he does?