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.
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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?