as long as it results in economic growth and increased employment, according to Old Mutual Investment. The investment group says while the ANC government offered policy certainty, it failed to deliver economic growth.
Old Mutual Investment says a Government of National Unity that can balance the pursuit of the social reform agenda while driving economic growth will garner market support. The asset management group says investors and the electorate essentially want the same things particularly as it relates to energy security, growth and employment.
“For Cosatu, for example, one of the priorities should be the value of the pension funds as well as some stability and confidence in the business environment and both of those would be conditional to a more centre right government. But this is the political space. So, there’s a lot of allegiance, but we are hopeful that they reach a compromise that promotes both skills development, and entrepreneurial small businesses,” says Swart.