BUSINESS DAY TV: ‘It doesn’t look too good for inflation ... it doesn’t look too good for interest rates’
George Glynos, MD at ETM Analytics, discusses how SA could be shooting itself in the foot with an expected Cabinet reshuffle likely to cause ructions in the economy BUSINESS DAY TV: The country seems to have frozen in time as we wait for President Jacob Zuma’s next move. Is Pravin Gordhan about to be fired as finance minister and, if so, who is going to replace him and how will the markets react? More importantly, will the markets be less forgiving this time around if sanity prevails. Joining us with his thoughts is George Glynos, MD at ETM Analytics. George, so I suppose it’s a very difficult time, particularly working in financial markets, not knowing where it’s going to swing. GEORGE GLYNOS: Exactly. We just want direction one way or another. We can work with direction. We can work with a decision. We can work with facts. What’s happening at the moment is just speculation, it’s assumptions, it’s conjecture, it’s rumours, it’s just fake news, it’s just everything. No one actually ...
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