'Treasury runs a world-class operation'

We were just getting the economy moving… this kind of politics just sets us back.

Stephen Koseff, Investec

We’re ranked third in the world in terms of the transparency of our budgetary process.

Sim Tshabalala, Standard Bank

When elephants fight, it is the grass that suffers.

The Money Show’s Bruce Whitfield interviewed Investec CEO Stephen Koseff and Standard Bank joint-CEO Sim Tshabalala.

Koseff and Tshabalala discussed the almighty battle raging around Finance Minister Pravin Gordhan at the moment.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

We’re anxious because the Minister of Finance has done a very good job.

Stephen Koseff, Investec

Treasury runs a world-class operation.

Stephen Koseff, Investec

People underestimate the consequences of a downgrade.

Stephen Koseff, Investec

South Africa is a bit like ancient Athens; a noisy democracy.

Sim Tshabalala, Standard Bank

Bank share prices have tanked.

Sim Tshabalala, Standard Bank

The ICBC [largest bank in China and the world, and part-owner of Standard Bank] worries about the value of their investment.

Sim Tshabalala, Standard Bank

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Article brought to us by Old Mutual.

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