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Political moves on Gordhan keeps rand vulnerable – Economist George Glynos

5 September 2016 5:52 PM

As long as there are knives out for Pravin Gordhan the rand will remain under threat, says ETM Analytics.

If this noise would just go away the rand would strengthen quite significantly through the course of the next 12 to 18 months.

George Glynos, ETM Analytics

Why is the ANC not listening to voters?

George Glynos, ETM Analytics

Because there are so many vested interests; the fear is that this will drag on.

George Glynos, ETM Analytics

Political manoeuvring around Finance Minister Pravin Gordhan is ongoing, and it’s keeping the South African rand vulnerable, says ETM Analytics Economist George Glynos.

Some noteworthy recent developments:

  • Speculation that the Hawks are pressuring former Finance Minister Nene into testifying against Gordhan.

  • With South Africa at the G20 at the start of the week; political action against Gordhan is likely to be delayed.

  • Occupy Luthuli House protests have escalated efforts to pressure the ANC into removing Zuma.

  • Weaker than expected US payrolls data raises doubts about the Fed’s appetite to hike

The Money Show’s Bruce Whitfield interviewed Glynos.

Scroll down for more quotes from the audio below.

Sometimes you just want to ask these politicians to stop it!

George Glynos, ETM Analytics

The ANC is deeply, massively divided.

George Glynos, ETM Analytics

This affects everybody, but especially the poor.

George Glynos, ETM Analytics

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Article brought to us by Old Mutual.


5 September 2016 5:52 PM