Streaming issues? Report here
Joanne Joseph 702 Gradients Joanne Joseph 702 Gradients
Afternoon Drive with Joanne Joseph
15:00 - 18:00
volume_up
volume_mute

Up Next: The Money Show with Bruce Whitfield
See full line-up
Afternoon Drive with Joanne Joseph
15:00 - 18:00
Home
arrow_forward
Business

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

11 April 2017 6:32 PM
Tags:
National Treasury
Nelson Mandela
South African Reserve Bank
Cabinet reshuffle

After inheriting a near-bankrupt country, the ANC built up a unit of smart young recruits. Most were still there until a week 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

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Article brought to us by Old Mutual.


11 April 2017 6:32 PM
Tags:
National Treasury
Nelson Mandela
South African Reserve Bank
Cabinet reshuffle

More from Business

Female woman businesspeople diverse office 123rf 123rfbusiness

It’s far less risky to lend to a female entrepreneur than a male one - research

11 August 2020 9:26 AM

Studies across the world and industries consistently show women-entrepreneurs have a better risk profile, says Janeesha Perumal.

Share this:
Read More arrow_forward

WhatsApp-message-log-app-smartphone-social-media-texting-technology-123rf

Pyramid schemes: It's greed, you think you stand a better chance than the others

8 August 2020 2:44 PM

National Consumer Commission director of prosecutions Joseph Selolo says you can't be naive or claim to be duped.

Share this:
Read More arrow_forward

premier-alan-winde-cticc-covid-19-hospitaljpg

Premier Winde calls for alcohol sales ban to be lifted in WC

7 August 2020 5:32 PM

Following a cabinet meeting, Winde said that the province had sufficient health capability to manage COVID-19 patients.

Share this:
Read More arrow_forward

mos-crib-thumbnail-unfilteredjpg

Our Nedbank Business Ignite winners want to do business with YOU!

7 August 2020 9:18 AM

From 50 finalists the three winners have been selected and they represent top adaptive thinking in business right now.

Share this:
Read More arrow_forward

performance-3202707-1920jpg

Nigerian Afrobeats star aims to raise $20m to fund the continent's musicians

6 August 2020 9:03 PM

'Mr Eazi' launched the Africa Music Fund to support the continent's creative talent. Bruce Whitfield interviews Lee Kasumba.

Share this:
Read More arrow_forward

oranges-1117628-1920jpg

Good news for local citrus industry: Bumper season expected for US exports

6 August 2020 8:38 PM

Justin Chadwick (Citrus Growers' Association) says it's all thanks to the perceived immune-boosting attraction of Vitamin C.

Share this:
Read More arrow_forward

liquor-store-sales-wine-champagne-mmc-brut-bubbly-alcohol-booze-drinking-123rf

Former Shoprite CEO joins court battle against alcohol ban - Govt is too slow!

6 August 2020 7:36 PM

Bruce Whitfield interviews Whitey Basson, who believes it's just not good enough for govt to say ban will be lifted but not when.

Share this:
Read More arrow_forward

MTN-cellphone-network-service-provider-data-airtime-calls-123rf

MTN to quit Middle East to focus on Africa

6 August 2020 6:55 PM

Bruce Whitfield talks to MTN CFO Ralph Mupita about the reasons for the move and the company's huge profit increase.

Share this:
Read More arrow_forward

afrika-tikkunjpg

SA needs 'the Madiba compassion' more than ever now, says Afrika Tikkun CEO

5 August 2020 8:54 PM

Marc Lubner on the NGO's programmes for young South Africans and how working with Nelson Mandela inspired his life's work.

Share this:
Read More arrow_forward

car insurance short-term cover 123rfbusiness 123rflifestyle 123rf

Why it's a bad idea to ditch or downgrade your car insurance to save on costs

5 August 2020 8:21 PM

Involved in an accident you didn't cause? Third party claims don't pay out much. Wendy Knowler shares one driver's horror story.

Share this:
Read More arrow_forward