http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.19Change: 0.04
R/$ = 11.25Change: -0.03
Au 1210.34 $/ozChange: -7.63
Pt 1304.00 $/ozChange: -5.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 16, 2009

Zuma’s economic team selections will be ‘crucial signal to investors’

Back
Control Risks Southern Africa analyst Anne Fruehauf outlines what signals will be sent to foreign investors from the possible economic team selections made after South Africa’s April 22 election. (16/2/2009). Cameraperson: Danie de Beer. Editing: Darlene Creamer.
Africa|Control Risks Southern Africa|Africa|South Africa|Anne Fruehauf|Jacob Zuma|Tito Mboweni|Trevor Manuel
Africa||Africa||
africa-company|control-risks-southern-africa|africa|south-africa|anne-fruehauf|jacob-zuma|tito-mboweni|trevor-manuel
© Reuse this



The team that African National Congress President Jacob Zuma selected – should the party prevail in the upcoming April 22 election, as anticipated  – would arguably be the most crucial signal to investors as to the future direction of government policy, Control Risks Southern Africa analyst Anne Fruehauf asserted on Monday.

She added that should South Africa’s internationally respected Finance Minister be elevated to a key position in the proposed ‘Super Cabinet’, it would also be well received, even if it meant Trevor Manuel giving up his current vital portfolio.

Speaking at the release of the global risk consultancy’s ‘RiskMap 2009’, Fruehauf said there was significant uncertainty as to South Africa’s future economic-policy emphasis under Zuma, particularly given that he was in the process of “having to renegotiate the party’s relationship with its increasingly vocal alliance partners on the left”.

“Not known for his independent policy agenda, and somewhat of a political chameleon, Zuma will essentially be the sum of those with whom he surrounds himself,” she stated, adding that the President’s team would, therefore, be “an absolutely crucial indicator of where we are headed”.

Investors would pay particular attention to the Finance Ministry appointment, especially given recent signals that the incumbent might not be retained and uncertainty about South Africa’s macroeconomic policy trajectory.

Indeed, Fruehauf stressed that there was “a distinct possibility that [Kgalema] Motlanthe will not be a member of the new Cabinet” and that “Manuel’s term as Finance Minister may well be over”.

“At the moment, there is speculation that Manuel could be replaced by Tito Mboweni or even Pravin Gordhan, but to tell you the truth it is absolutely impossible, at this stage, to say with confidence that either of those two would prevail.

“If they do, then this will send an immediate positive signal to the market and investors will react extremely positively.”

Investors would also welcome any move to offer Manuel a senior position, such as the Deputy Presidency, within the new, probably reconstituted, Cabinet structure.

“Of course, if his [Manuel’s] new role in the super Cabinet were to be in charge of planning, it would be extremely well received,” Fruehauf stated.

“The problem at this point, is that I am not confident that he would be heading up that portfolio.

“Neither am I confident that he would be given the Deputy Presidency  . . . [but] it would be a huge signal to the markets if they put in a key portfolio.”

Edited by: Terence Creamer
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Updated 45 minutes ago As part of new listing requirements implemented by the JSE on Tuesday, companies listed on select international bourses will now be able to fast-track their secondary listings on the JSE. The local bourse announced to the market in August that it had made global...
Updated 45 minutes ago Mauritius has been ranked first in the Ibrahim Index of African Governance (IIAG) 2014 for the eighth consecutive year, while South Africa ranked fourth overall and third in the region. Among the 52 countries rated by the Mo Ibrahim Foundation, Mauritius scored the...
Updated 1 hour 28 minutes ago The Companies and Intellectual Property Commission (CIPC) says it is encouraged with the response to its new look and online transaction website. The new website was launched on 17 September, and the commission says it has received both positive and negative feedback.
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
The South African new vehicle market is likely to reach around 630 000 units in 2014, down from the 650 000 units recorded in 2013, says Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl. Van Zyl is also president of the National Association of...
Efforts by the Kenya government to increase energy generation by 5 000 MW over the next three years received a major boost following the award of a $2-billion contract to build a coal power plant in Lamu.  Despite allegations of irregular tendering process, the...
Using crafty wordplay on a well-known Internet meme, brilliant South African-born US entrepreneur and businessperson Elon Musk announced that Tesla Motors would not initiate patent lawsuits against anyone who, in good faith, wanted to use its technology. Instead,...
August new vehicle sales declined by 1.4%, to 55 722 units, compared with the same month last year. Assisted by the car rental market, the South African new passenger car market, at 37 953 units, contracted by 1 047 units, or 2.7%, compared with August last year.
With South Africans facing the challenge of reducing electricity consumption, the biennial Eskom Energy Efficient Lighting Design Competition, to encourage the integration of energy efficient lighting in architectural, engineering and interior design, received a...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks