Madiba's ANC put most of SA's axed finance team there more than 20 years ago

Most of South Africa’s axed finance team was put in place more than two decades ago.

South Africa was nearly bankrupt by the time Nelson Mandela’s ANC took over from the National Party, prompting him to build up a team of smart young recruits.

Most of them were still there two decades later.

Until less than two weeks ago that is.

The Money Show’s Bruce Whitfield interviewed Pippa Green, author of “Choice not Fate: The Life and Times of Trevor Manuel”.

Green wrote a piece for Business Day entitled “SA's sundered finance team was years in the making”.

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

What worries me; the institutional memory is very deep; very rich… It takes years to develop depth of expertise…

Pippa Green

We were fortunate to have a leader like Nelson Mandela.

Pippa Green

After apartheid we were teetering on the brink of bankruptcy.

Pippa Green

Nelson Mandela didn’t want to borrow and thereby lose autonomy.

Pippa Green

There were no hasty appointments in the way there is now.

Pippa Green

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Article brought to us by Old Mutual.


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