THE UGLY

Finweek English Edition - - THE WEEK -

As the bat­tles be­tween Pres­i­dent Ja­cob Zuma’s ten­der­preneur and fi­nance min­is­ter Pravin Gordhan’s anti-ten­der­preneur camps seem set to in­ten­sify even fur­ther in the run-up to the lo­cal elec­tions in Au­gust, or­di­nary South Africans will pick up the tab. As Piotr Matys of Dutch multi­na­tional Rabobank said to the Fi­nan­cial Times: “The rand and lo­cal as­sets will be ex­tremely sen­si­tive to any fur­ther de­vel­op­ments that may have se­ri­ous im­pli­ca­tions for the much ap­pre­ci­ated fi­nance min­is­ter Gordhan. […] One can only hope that af­ter caus­ing to­tal may­hem in De­cem­ber, Pres­i­dent Ja­cob Zuma will very care­fully con­sider all op­tions avail­able when it comes to mak­ing any cru­cial de­ci­sions re­gard­ing Gordhan.”

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