Eighty CEOs of some of South Africa’s largest companies (Naspers, Anglo American, Barclays Africa, Standard Bank, Old Mutual and others) have signed a pledge in support of Finance Minister Pravin Gordhan, and against politically motivated prosecutions.
They now join several ministers, former ministers, struggle stalwarts and Deputy President Cyril Ramaphosa in publically rallying behind Gordhan.
The Money Show’s Bruce Whitfield interviewed Standard Bank CEO Sim Tshabalala.
Listen to Tshabalala explain his position in the audio below (and/or scroll down for quotes from it).
The legal grounds don’t make sense.— Sim Tshabalala
A huge amount of wealth was wiped off…— Sim Tshabalala
The Constitution compels authorities to act without fear, favour or prejudice.— Sim Tshabalala
MD of Goldman Sachs says the signing of the pledge shows unity and sends a strong message in support of economic institutions.
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