Analysts and business leaders react to Van Rooyens appointment, A colossal assignment, that’s how the new minister of Finance, David van Rooyen assessed his new job after being sworn in. Nhlanhla Nene’s axing sparked shock waves across the country and abroad. The markets and business reflected a negative sentiment.
The rand plummeted to new lows. Ratings Agency Moody’s says it will closely monitor any potential policy implications.
The new minister says he’s acutely aware of the economic pressures.
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