A solid performance by the ANC in next week’s election, which sees the party winning more than 56% of the national vote, may be just what is needed to breathe new life into the markets, the rand and foreign investment.
But even if there is a second wave of so-called Ramaphoria, as is generally expected, experts have warned that the right people have to be made ministers and that structural problems, such as unemployment, will not disappear overnight. Peter Attard Montalto, an analyst at Intellidex, said the consultancy’s latest market polls show that there is only about a 33% chance of reform to further economic growth after the election. However, the expectation is that Ramaphosa will be president until at least 2022.
Ackerman said a market-friendly election result would mean a stronger rand over the short term, and over the longer term, higher economic growth as well as business and consumer confidence.Foreigners who want to invest in South Africa would want to see an election result of close to 60% support for the ANC.
Some of the positive changes to date have been the appointment of new boards of directors at certain state-owned companies, the appointment of Edward Kieswetter as commissioner of the SA Revenue Service , and the appointment of advocate Shamila Batohi as national director of public prosecutions. Lukman Otunuga, research analyst at forex trading broker FXTM, said external factors such as international risk appetite, along with the dollar’s performance, would influence the rand in the run-up to May 8.
my question is... Who benefits when the Rand breathes new life and foreign investment? Because we are languishing in poverty, inequality with no jobs.
I always thought newspapers were neutral, reporting events that affect communities or the society. I never knew that they can try push a certain presidential candidate over others. How naive I was!!!!
We'll be breve on Wednesday...We voting ANC OUT. ...
Markets? Maybe down at your local rural bovine kraal. Where there is enough ANC bullshit to compost the entire continent.
' ... a big ANC win that could breathe new life into the rand and foreign investment.' What a load of crud. How on earth would a big ANC win do that?
That will be the continuation of the looting and the looting investors
The 'markets' is a fullgazy there's no such thing...
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Convincing win by the ANC will boost stocks, say analystsRand is also set to gain, with RBC Capital Markets expecting it to reach R13.40/$ by year-end Let's hope not Just imagine what a DA win will do for stocks. skyrocket sadlynotgonnahappen Yes it will definitely boost the demise of SA . Black Mafia running the country , stealing the taxpayers money and leaving the poor to starve and live in disgusting conditions
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