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Trevor Manuel


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We are not immune to upheaval, says Manuel

South Africa's economy would not escape the "contagion" of the global financial crisis, finance minister Trevor Manuel said on Friday.

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Manuel Confident About Country's Banks

SOUTH African banks were well equipped to face what is seen as the world's worst financial upheaval since the 1930s, but they might be affected by restricted global access to foreign exchange, Finance Minister Trevor Manuel said yesterday.

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SA must stick to policies amid global woes, says Manuel

The world financial crisis hardens the case for SA sticking to its economic policies, Finance Minister Trevor Manuel was quoted as saying on Thursday.

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'Havoc on the markets not because of Manuel'

Finance Minister Trevor Manuel's resignation which he later retracted caused such havoc on the markets because people always held a finance minister in high esteem, says ANC President Jacob Zuma.

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Financial crisis may hit Eskom - Manuel

Financial crisis may hit Eskom - Manuel October 09 2008 at 09:15AM The global financial crisis may impact on Eskom's expansion plans, Finance Minister Trevor Manuel said in an interview published on Thursday.He said borrowing plans by the power utility would probably be affected."It's going to be a lot tougher and may impact on the cost of infrastructure," Manuel told Business...

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'Be grateful you're not in Russia'

Finance Minister Trevor Manuel has advised South Africans not to panic in the midst of a global economic crisis.

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'Don't panic and be grateful you are not in Russia'

This was the time for all South Africans "not to panic, to think rationally and to keep clear heads", Trevor Manuel, the finance minister, said in Washington yesterday.

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South Africa: Slowdown in Richer Countries May Hurt Exports - Manuel

The slowdown of economic growth in developed countries was likely to reduce demand for SA's mineral exports and reduce export earnings, Finance Minister Trevor Manuel told the cabinet this week.

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SA 'reasonably insulated' from global storm

Finance minister Trevor Manuel says South Africa has not been badly affected by the current global economic turmoil and will weather the storm.

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Past week

As the global economy collapsed, Mosiuoa Lekota, the former ANC chairman and former defence minister, served "divorce papers" on the ruling party, fuelling talk about the establishment of a breakaway party. Lekota did not arrive at a meeting with Mathews Phosa, the ANC treasurer-general, to try to heal the rift. Investors lost R350 billion when the markets collapsed and Trevor Manuel,...

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Global credit crisis may hobble Eskom

South African Finance Minister Trevor Manuel says the global financial crisis would probably affect Eskom's plans to finance its expansion.

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Rand falls as crisis escalates

Finance Minister Trevor Manuel said on SAfm radio today that the rand was "reasonably well insulated" from the global crisis and "in relative terms" had not been too badly affected by the turmoil. He cautioned that South Africa could expect low export revenue this year.

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'SA economy resilient against global turmoil'

The South African economy is well protected against the current global economic turmoil, but will not escape the impact entirely, government spokesperson Themba Maseko said on Thursday.Briefing the media after Cabinet's regular meeting on Wednesday, he said Finance Minister Trevor Manuel had made an extensive presentation to the meeting on the issue.That economic analysis was the subject...

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Zuma: Empowerment constrained by economic system

... the black people into the mainstream of the economy", he said.Zuma also said Finance Minister Trevor Manuel's resignation which he later retracted caused such havoc on the markets because people always held a finance minister in high esteem."I think it is in the nature of the markets that finance ministers have assumed great importance in our country and not only in our country,"...

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Budget and the Date for a Summit

... it to October 17-19 - just ahead of the medium-term budget policy statement Finance Minister Trevor Manuel will present to Parliament on October 21.By the time the alliance meets, the budget document will have gone to the printer. As it is, the numbers have probably already been finalised and Manuel has no doubt already discussed his plans with the ANC leadership. It's quite...