South Africa's Gordhan: I Have Confidence of Cabinet

The transcript covers the South African government's efforts to work collaboratively and avoid economic downgrades. It addresses political challenges, including rumors of the finance minister's arrest, and emphasizes the importance of stability and confidence in leadership. The discussion also highlights the economic responsibilities of the National Treasury and the impact of global developments. The minister reassures that despite political complexities, the government is focused on delivering results and maintaining investor confidence.

What was the main focus of the government's efforts in the first section?

• Avoiding an economic downgrade

• Increasing taxes

• Reducing public spending

• Improving healthcare

What issue is highlighted in the second section regarding the speaker's political situation?

• Rumors of an imminent arrest

• A disagreement with the Prime Minister

• A scandal involving public funds

• A conflict with the President

What is the speaker's main responsibility as part of the National Treasury?

• Managing the country's defense budget

• Preparing the medium-term budget policy statement

• Negotiating international trade deals

• Overseeing the education system

In the third section, what example does the speaker use to illustrate political unpredictability?

• The election of a new Pope

• The impeachment of a US President

• The change in UK Prime Minister

• The Brexit referendum

What is the speaker's outlook for the second half of the year?

• They expect significant challenges with no clear solutions.

• They are optimistic about achieving more successes.

• They plan to resign from their position.

• They foresee a major economic downturn.