http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.48Change: 0.08
R/$ = 11.46Change: 0.05
Au 1228.13 $/ozChange: -10.36
Pt 1231.50 $/ozChange: -11.50
 
 
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)
 
 
 
 
 
 
 
 
Other Video News
More
 
 
Latest News
JSE-listed Hudaco Industries’ share price climbed nearly 16% on Friday afternoon as the company announced that it would bring an end to a years-long tax challenges with the South African Revenue Service (Sars). In a trading statement to shareholders, Hudaco revealed...
President Jacob Zuma
South Africa was open for more investment and the country offered investment opportunities that no “wise” businessperson should miss, President Jacob Zuma told captains of commerce and industry during the yearly Business Interaction Group meeting on the sidelines of...
The Department of Trade and Industry (DTI) has rejected claims by black economic-empowerment (BEE) advisory firm EconoBEE that there is likely to be a delay to the scheduled May 1 implementation of the revised BEE Codes of Good Practise. “We are on track for the May...
More
 
 
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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.
 
 
 
 
 
This Week's Magazine
BRUCE BRADFORD The 3D printers have a clear upgrade path to eventually print in wood, ceramics and metal-alloys
Three-dimensional (3D) printers being sold in South Africa by electronics distributor Rectron currently print in two types of plastic, but have a clear upgrade path over the next five years to eventually print in wood, ceramics and metal-alloy materials, says Rectron...
The world’s two dominant commercial aircraft manufacturers, Airbus of Europe and Boeing of the US, both recently announced that they had made record aircraft deliveries in 2014. Boeing set a global record for the industry with 723 commercial aircraft delivered, while...
The Western Cape is shifting further into the renewable-energy space with the official opening of a factory specialising in solar inverters, a key component of solar photovoltaic (PV) plants. The investment in the manufacturing facility in Cape Town aims to boost the...
Business Leadership South Africa (BLSA) last month welcomed Cabinet’s establishment of a technical team war room to undertake various interventions to improve electricity supply security over the short- and medium-term, but added that the private sector also had a...
Despite a rapid rise in mobile connections and the economic and social benefits of such connectivity, more than half of the world ended 2014 unconnected. For this reason, industry commentators believe the biggest impact of mobile technology is still to come –...
 
 
 
 
 
 
 
 
 
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