Pandering to the Unions?
The capitalists joining hands with the unions to fight the Africanists and the Zulus?
One wonders

It was Cyril's birthday yesterday so I suppose he wants a birthday present.

geanann
Mentality setup or dump? An opinion can be independant. Why minimizing it.

If Gill cuts rates by 2% then we running a risk of higher inflation and beacuse people will be borrowing left right and centre food prices will go up. Rather than you Mr Maphosa engage with the government to help people move away from being labourers and factory workers and encourage a culture of entrepreneusm. Leave our rand alone, we are a market dominated nation. What kind of capitalist are you cos to me you appear fake. Leave Gill to run the reserve bank alone since we don't want a Gideon Gono of RSA.

"She used to be one of us,”

That's Alliance talk, if ever I heard that!
Definitely some pressure being put on Cyril by the Alliance - he has to occasionally make some right noises for them!
Pity....

Cyril leave the Rand alone and let Gill do her job, you should consider offering your billions for nationalisation instead, I believe the commies and juju would agree with me.

Did Phosa get his additional 7% ownership of all financial institutes and banks yet over and above what was originally lavished out to teh Robbing Island 5 star guests, or has Cyril added this into his "stwuggle accounting" as well?

What's NEW in this ANC OFFICIALLY LEGISLATED Most racist Nation on Earth Today?

The problem in S Africa is that the economy is just fine as it is - the problem is not interest rates but too strong a currency.
The answer is to ABOLISH EXCHENGE CONTROL and take away the hothouse effect of money.If SA allowed some cash to move out prices would subdside and the currency would weaken. Remember Exchange control was brought in when there was a substantial flight of capital out of SA in the 1960's - today the flows have reversed.
S Africa today must move with confidence and be flexible. Exchange control costs the country a huge amount in expense of administering etc.
Both Botswana and Zambia have no exchange control and the skies have not fallen for them.

this is an indication that the interest rate WILL come down SOON.
Rama just wants part of the credit for that...

Rand weakening is long overdue, exporters are suffering and foreign speculators are grabbing money.

azzaniasfree_ the Financial sector contributes 20% to our GDP. Further, the trillions of SA money in the JSE and in Banks is controlled (not necessarily owned) by White South Africans who are generally negative on SA. Without, the exchange controls, most of that capital would have left SA for overseas markets. In fact, the reason SA never had an exodus of whites as in India, Algeria, Carribean, English in Ireland etc, is because of the exchange controls.