Gordhan's Gordian knot

22 February 2016 - 02:09
By Matthew Savides

When Finance Minister Pravin Gordhan ascends the podium on Wednesday he will be under immense pressure, with the fate of the country's economic wellbeing cradled in his experienced hands.If he fluffs his lines during the Budget speech and fails to kick-start the admittedly arduous process of winning back investor confidence, economists say the country is at risk of having its economy downgraded to "junk" status - a fate that would result in a further deterioration of the rand's value, increased ...

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