Was Saturday 11th's Important Announcement a bad PR exercise?

[gac]

Did government err in not being a little more reassuring in what the important announcement on Saturday was about?
In the current climate were they not guilty of being negligent in sending panic into the marketplace when in fact they could have provided some info to avoid unfounded panic?

Or was the market being too untrusting and overly sensitive to what it may hae been all about?

Surely somebody out there worth their "salt" could have picked up the significance of February 11 (i.e. Madiba's release from incarceration).
I never heard a single suggestion that the announcement might have something to do with his release.

Did the media fail us again or is this an unfair comment?

[Petrichor]

I missed this completely, so did not know what your post was about. For anyone else that missed it, here is the link anouncing that "something" will be announced

http://www.fin24.com/Economy/Zuma-to-make-important-announcement-20120210

[Petrichor]

This is what it turned out to be:

http://www.news24.com/SouthAfrica/Ne...-face-20120211

[Blurock]

It just goes to show the immaturity of the current government.

An announcement by the Reserve bank is always viewed ads a serious matter which may influence the currency. What business want is a stable currency, so any announcement that may influence currency should have some information to pacify markets.

Better would have been that the Reserve Bank will make an announcement on new bank notes. That would still not let the cat out of the bag, but would not affect the markets the way it had.

[wynn]

And the next step is that all old banknotes will become obsolete in X months time so all you misers that have been stuffing your mattresses for years will have to answer some very tricky questions when you go to the reserve bank to exchange your little hoard for the "new legal tender'