Tag: ANC elective conference 2017

Geoff Blount | Managing Director | BayHill Capital | geoffb@bayhill.co.za | www.bayhillcapital.co.za |  This is a win for Cyril Ramaphosa, but given the make-up of the new NEC, this is not necessarily a loss for the Zuma faction within the ANC. Markets got this one wrong – and were pricing in a Cyril slate victory, rather than a “hung” NEC. Hence, we expect the rand and the domestic-facing stocks to weaken tomorrow after their recent rally. Some of the euphoria will be repriced out of the market and it will retrace some of its steps as the reality sinks in. If people were looking for

George Herman | Director and Chief Investment Officer | Citadel Investment Services | georgeh@citadel.co.za | www.citadel.co.za | Following a neck-and-neck battle with fellow candidate Nkosazana Dlamini-Zuma, the Monday evening announcement of Cyril Ramaphosa as ANC Presidential victor has buoyed investor sentiment, with the rand surging 4% against the dollar before the final result was even known. The composition of the Top-6 leadership of the ANC is a unique mix between the two opposing ‘slates’. This will hopefully ensure unity in the ruling party and...

Tumisho Grater | Economic Strategist | Novare Actuaries and Consultants | tumisho@novare.com | www.novare.com | After months of political news flow dominating headlines, all eyes have be on the African National Congress (ANC) 2017 elective conference - and especially on the announcement of the new leader of the party. At this point in time, South Africa finds itself at a...