Mr Mboweni is a man of gravitas.— Victoria Reuvers, Morningstar Investment Management SA
How will Tito Mboweni’s appointment as Finance Minister in place of Nhlanhla Nene impact investors?
Here’s what she thinks about Mboweni’s appointment:
It’s a well-considered and good appointment. Minister Mboweni is well known and respected by domestic and international investors.
He has private sector experience and understands the challenges it faces.
- His appointment is very positive for the South African market, boosting confidence locally and abroad. It illustrates President Cyril Ramaphosa’s willingness to take a hard stance on even the appearance of involvement with corruption.
The outlook for the South African investor:
The market cheered the change; reflected in rand strength seen post the announcement.
Moody’s is likely to keep South Africa’s investment grade but may downgrade its outlook from “positive” to “stable”.
- The upcoming Mid-term budget speech – “no comment” is her somewhat frightening remark.
For more detail listen to the interview in the audio below (and/or scroll down for quotes from it).
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
Bruce Whitfield asks Galileo Capital Financial Advisor Warren Ingram about the cost of educating a child overseas.
It’s not the beginning of the end of Tencent, says portfolio manager Francois Strydom, despite it losing R3.2 trillion in value.
Got a beef with Sars (tax refund, etc.)? Bruce Whitfield interviews Office of the Tax Ombud CEO Adv. Eric Mkhawane.
The Money Show’s Bruce Whitfield asks Patrick Mathidi (Aluwani Capital Partners Head of Equities) for his stock picks of the week.
Ray White (in for Bruce Whitfield on The Money Show) interviews Riccardo Petersen, Director at Norton Rose Fulbright.
The economy is toast. Galileo Capital Personal Financial Advisor Warren Ingram has five tips to help you sleep well anyway.
BBC World News journalist, Lerato Mbele-Roberts shares a personal story of her experience at her Alma Mater (St Mary's School).
On the #WeekendBreakfast with Africa Melane, Zolani Mahola of Freshlyground tells us all about her first solo project.
The South African Weather Service is predicting some much-needed rain over some parts of South Africa over the weekend.
Top ANC officials, along with senior EFF members are among those being fingered in the scandal relating to more than R1 billion being siphoned out of VBS Mutual Bank.
Private eye Paul O'Sullivan says the Sunday Times was an integral part of state capture and needs to come clean or face a boycott.
Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.
“Why try and make retirement more palatable? Why not just abolish it completely?” says headhunter Johann Redelinghuys.