'It’s not about competence! It’s about whether Gigaba is captured'

The ratings agencies Standard & Poor’s and Fitch have downgraded South Africa’s status to junk, citing concerns about possible changes in policy following the sacking of former Finance Minister Pravin Gordhan.

Moody’s will soon make its decision.

The Money Show’s Bruce Whitfield interviewed Econometrix Chief Economist Dr Azar Jammine.

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

The markets are adopting a wait-and-see attitude… they still carry a lot of scepticism about Malusi Gigaba…

Dr Azar Jammine, Econometrix

Gigaba did himself a huge disservice on his first day.

Dr Azar Jammine, Econometrix

I don’t think there’s one litmus test. It’s going to take place over an entire year, or more. The big test will be the Budget next year.

Dr Azar Jammine, Econometrix

What he’s going to have to try and prove is that he is determined to fight corruption. Because there’s a suspicion that he has been put in that position to pass a number of deals that is unsavoury.

Dr Azar Jammine, Econometrix

The big suspicion is that it’s not just about competence. It’s about whether he’s captured.

Dr Azar Jammine, Econometrix

The price of gold has shot up and that is good for our current account.

Dr Azar Jammine, Econometrix

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.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
6 tips on how to avoid overspending this festive season

6 tips on how to avoid overspending this festive season

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

DStv subscriber? ANN7 thanks you for the payday!

DStv subscriber? ANN7 thanks you for the payday!

Bruce Whitfield interviews Outa’s Wayne Duvenhage about his open letter to MultiChoice, who will pay ANN7 R245 million.

‘People believe there’s going to be a rapid economic turnaround’

‘People believe there’s going to be a rapid economic turnaround’

The Money Show’s Bruce Whitfield interviews independent Africa analyst Ronak Gopaldas.

How to start a career (or business) with no experience, money or support

How to start a career (or business) with no experience, money or support

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

Soldiers detain Robert Mugabe

Soldiers detain Robert Mugabe

Grace Mugabe may have fled to Namibia. Bruce Whitfield interviews political commentator Rashweat Mukundu.

Meet Vuyani Jarana, the brave man tasked with saving SAA

Meet Vuyani Jarana, the brave man tasked with saving SAA

The Money Show’s Bruce Whitfield interviews South African Airways' brand-new CEO.

Popular articles
Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Bruce Whitfield interviews Nikiwe Bikitsha, who is on a fact-finding mission in Mauritius courtesy of Standard Bank.

 Law Society concerned with announcement on LLB accreditation

Law Society concerned with announcement on LLB accreditation

The Council on Higher Education announced that four universities are at risk of losing their accreditation for LLB.

SAB urges public to stop abusing free water at Newlands Spring

SAB urges public to stop abusing free water at Newlands Spring

There have been several reports of abuse of the facility, with a number of people tapping far more water than is allowed.

6 ways the new UIF bill benefits workers

6 ways the new UIF bill benefits workers

The broadened bill will see those who lose their jobs receive money for a longer period when they apply for unemployment benefits.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?