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.
Bonang Mohale says South Africa needs to work hard to avoid a down grade and shouldn't be dealing with non factual fraud charges.
The Money Show's Bruce Whitfield interviews Lumkile Mondi, Senior Lecturer at the Wits School of Economics and Business Science.
The Money Show’s Bruce Whitfield interviews Personal Finance Consultant Samke (Sam) Ngwenya.
The former JSE CEO took out an ad in Business Day with 15 other business leaders to defend Minister Pravin Gordhan.
The Money Show’s Bruce Whitfield interviews Financial Mail Deputy Editor Sikonathi Mantshantsha.
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?