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How world sees SA: Why London investors liked Gordhan – and distrust Zuma

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Finance Minister Pravin Gordhan. (Waldo Swiegers, Bloomberg)
Finance Minister Pravin Gordhan. (Waldo Swiegers, Bloomberg)

Despite historic links between the countries, South Africans have always struggled to decode the British – especially unemotional capitalists who occupy the City of London. Treatment interpreted in Pretoria as heartless or unfair is, from the other side of the water, simply a rational response to freely available information.

When it comes to South African investment appeal, that information is less than alluring right now. Capital is cowardly. It flows where the best returns are available and flees from the places where those providing it are either disadvantaged – or the risk of losses are high.

This brilliant contribution by City insider Simon Lincoln Reader provides some insight into the way London sees Nenegate and last week’s visit by a Pravin Gordhan-led Team SA. It’s brutally honest. But only by knowing and accepting reality, can behaviour be adjusted to achieve the best results. – Alec Hogg

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