BUSINESS DAY TV: SA will probably rebound like Hungary did — in six years
Lesiba Mothata is chief economist at Investment Solutions. In Part Two of News Leader, he discusses whether economic prospects have deteriorated following President Jacob Zuma’s Cabinet reshuffle and whether junk status is inevitable. BUSINESS DAY TV: The South African Communist Party’s (SACP) central committee met today to discuss its call for President Zuma to resign. We’re going to be chatting on the line shortly to find out what the details of that meeting were with Solly Mapaila, he’s the second deputy-general secretary at the SACP. In the meantime, Lesiba Mothata, chief economist at Investment Solutions, is still with us in the News Leader studio. Lesiba, I wanted to ask you before we went to the break, why the rand has been so well-behaved over the last week. We have seen it weaken but it hasn’t blown out like it did back in December 2015 when Nhlanhla Nene was fired. But at the moment, we do see a flight to emerging markets and we see SA, which was one of the only big emergi...
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