for subscribers

Nene: Let's hope Zuma can explain Gordhan recall to appease investors

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town - There may be compelling reasons for President Jacob Zuma's decision to cancel the investment roadshow attended by Finance Minister Pravin Gordhan. Let's hope these are explained so that international investors still see SA as being an attractive investment destination.

This was the reaction of former finance minister Nhlanhla Nene, who was interviewed by Xolani Gwala on the 702 Breakfast Show on Tuesday.

Gwala spoke to Nene after Zuma unexpectedly ordered Gordhan and a delegation to return to South Africa immediately and cancel any further plans to engage with international investors at a roadshow in the UK and US.  

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.63
(-0.04)
ZAR/GBP
23.01
(-0.05)
ZAR/EUR
20.79
(-0.01)
ZAR/AUD
12.62
(-0.03)
ZAR/JPY
0.17
(-0.01)
Gold
2034.21
(+0.05)
Silver
28.28
(+0.09)
Platinum
961.50
(+0.38)
Brent Crude
44.55
(-1.53)
Palladium
2166.01
(+0.63)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 933 votes
It depends on how the funds are used.
74% - 6254 votes
No. We should have gotten the loan elsewhere.
15% - 1285 votes
Vote