StanChart's Khan Says Gordhan Issue Important for Rating

The transcript discusses the significant changes at the South African Treasury, including the recall of the Finance Minister and Deputy Finance Minister, and the cancellation of an international roadshow. Concerns are raised about the impact on institutional stability and investor confidence. The discussion also covers the potential effects on ratings agencies and the political implications, including possible further cabinet reshuffles and resignations.

What was the immediate concern following the news of the Finance Minister's recall?

• The impact on international relations

• The potential changes at the Treasury

• The reaction of the local media

• The effect on local businesses

What was the reaction of the markets to the news of the Finance Minister's recall?

• Indifference

• Positive response

• Concern

• Celebration

What is a key point of concern regarding the new Finance Minister?

• His international reputation

• His experience for the job

• His educational background

• His political affiliations

Why is the cabinet reshuffle significant for ratings agencies?

• It impacts the local currency

• It alters the national budget

• It changes the country's GDP

• It affects the operational aspects of structural reform

What is a potential consequence of the Treasury changes for South Africa's credit rating?

• An upgrade to a higher rating

• A downgrade to sub-investment grade

• No change in rating

• A temporary suspension of rating

What might trigger further political reshuffles according to the discussion?

• International pressure

• Market reactions

• Media reports

• Public protests

What was lacking in the decision-making process for the cabinet reshuffle?

• Media coverage

• International support

• Public approval

• Broad consensus within the ANC