Morning clouds. Mild.
President Jacob Zuma has without elaborating again hinted that he had reasons to remove a sitting finance minister.
Fin24 has had an overwhelming response from users, who salute the former finance minister for his integrity and the sacrifice he made to SA a year after he was fired by the president.
President Jacob Zuma views the Public Investment Corp's R99bn loss within 48 hours of former finance minister Nhlanhla Nene's axing as a “normal" economic phenomenon.
The rand has seen a 25% recovery against the pound since January, after Britain voted to leave the European Union on June 24.
South African government bonds have gained, driving yields to levels last seen before President Jacob Zuma fired Nhlanhla Nene as finance minister in December.
Former finance minister Nhlanhla Nene has been appointed as a resident adviser to Thebe Investment Corporation, it has been announced.
Firing Nhlanhla Nene changed the course of history for President Jacob Zuma and most probably for South Africa too, says political analyst Aubrey Matshiqi.
Former finance minister Nhlanhla Nene, whose sacking wiped about R500bn from the country’s equity markets, is keeping up to date with the Gupta controversy.
Former finance minister Des van Rooyen says he does not believe billionaire Johann Rupert influenced his redeployment a few days after his appointment as minister.
Finance Minister Pravin Gordhan is caught in a bind: his authority is being undermined, yet he risks sending the economy into free fall if he resigns.
Sanlam has posted a 6% full year decline in profit due to negative foreign currency translation differences and weak equity market performance during 2016.
The firing of former finance minister Nhlanhla Nene could have pushed SA over the economic precipice, but the crisis became a beacon to guide us into the future, says Daniel Silke.
The rand, which has continued to strengthen against the dollar, pound and euro, should be seen cautiously, analysts have warned.
Higher political uncertainty in SA affects investor confidence and trade exports, according to the IMF, which slashed SA's 2016 growth forecast to 0.1%.
Boasting that South Africa’s economy has rewound to pre-NeneGate is unwise, as economists’ risk narrative of South Africa on December 8 was not exactly peachy.
A recovery in commodity currencies and stability in the oil price have boosted the rand to its highest level in four months.
Former finance minister Nhlanhla Nene has been appointed a non-executive director at Allan Gray.
The rand has weakened following news that rating agency Standard & Poor's has lowered its 2016 growth expectations for South Africa to 0.8%, down from 1.6% in November.
Former minister says she believes "the rotten forces are on the back foot" and that party members who defend Zuma “are not going to win this battle".
The rand will be used to hedge global investors’ positions in terms of risk aversion, says an expert, after recent strife in SA sent the rand tumbling 3.5% and back up again.
Cape TownMass Staffing ProjectsR400 000.00 - R600 000.00 Per Year
Cape TownTumaini ConsultingR540 000.00 - R800 000.00 Per Year
Cape TownProfessional Career ServicesR10 000.00 - R12 000.00 Per Month
Apartments / Flats
R 1 750 000
R 6 950 000
R 2 650 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.