Did Tito Mboweni Do Enough to Avoid Ratings Downgrade?

Publication Date:
02/20/2019 14:51:00

Source:CNBC Africa

Aired On: Published on 20 February 2019

Description: Under the circumstances, Cas Coovadia, Managing Director of the Banking Association South Africa, was happy with the Budget Speech today. He told CNBC Africa’s Fifi Peters it was important to put conditions for the utilisation of funds for SEOs, and to make public the details of the Presidential Task Team’s recommendations and how Eskom will be broken up into three, and how the funding will be linked to that. He also gave his opinion of the Budget as a whole and a potential ratings downgrade.

Courtesy #CNBC Africa

Watch: The Banking Association members willing to provide expertise and resources to SOE

Source: eNCA DStv403

Time aired: 28 JUNE 2018 - 20:00


Over the last 12 months, South African Airways has received R20-billion in government bailouts. Eskom has R62-billion in principal debt payments due in the next five years and, Transnet is rumoured to be ground zero for state capture and corruption. It is a major concern that if cash-strapped SOEs were to default on their loans, the impact on the economy, businesses and government finances would be detrimental. The Banking Association South Africa says its members are willing to step in to provide expertise and resources. To discuss this further, Managing Director Cas Coovadia joins Vuyo Mvoko on As It Happens.

Watch: Gordhan Turns to Bank Chiefs to Rescue SOEs

Source: BDTV

Time aired: 26 JUNE 2018 - 09:18

Public Enterprises Minister Pravin Gordhan and the Treasury have met the heads of major banks and asset managers to appeal for help to nurse the country’s embattled state-owned enterprises (SOEs) back to health.

But, with some of the SOEs in dire straits, why would the banks want to take on the risk?

Banking Association of SA MD Cas Coovadia spoke to Business Day TV about how banks have responded to the cry for help.


Listen: The Money Show’s Bruce Whitfield interviewed Cas Coovadia

Source: 702

Time aired: 25 June 2018 6:52 PM



Government and the financial sector have agreed to work together to find solutions to restructuring state-owned enterprises (SOEs).

Public Enterprises Minister Pravin Gordhan and the Treasury held a meeting with heads of major banks and asset managers to help bring SOEs back to health.

Cas Coovadia, the managing director Banking Association South Africa (BASA), spoke to Talk Radio 702’s Bruce Whitfield. He says this will be a collaborative effort.

“Significant harm has been caused in the last few years and we need to do quite a lot of work together as a society to actually get these SOEs into a sustainable position.”

Listen: Arabile Gumede Discusses Banking Regulation With Cas Coovadia

Source: Classic FM

Time aired: 06/04/2018 at 7:22AM

Arabile Gumede interviews The Managing Director of Banking Association South Africa, Cas Coovadia about South Africa's banking system.

The Banking Association MD Participation on the BCG Panel Discussion 2015

More news


Youth Development Summit 2014


The Banking Association/Brand South Africa International Media Breakfast



The Banking Association/Brand South Africa International Media Breakfast

© The Banking Association South Africa 2019