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In spite of Cyril Ramaphosa’s ‘new dawn’, there are powerful forces in the ruling party that risk losing everything if corruption and state capture finally do come to an end. At the centre of the old guard’s fightback efforts is Ace Magashule, a man viewed by some as South Africa’s most dangerous politician.
Political uncertainty through transitions and instability are among the key risks for businesses in Southern Africa in 2018. 2018 will see continued uncertainty around political leadership in our Southern African markets. The transitions in Zimbabwe and Angola in 2017, elections in Mozambique in 2018, and factionalism within South Africa’s ruling African National Congress (ANC) once again remind businesses in the region of the importance of gaining a clear understanding of the impact of such uncertainty on their risk environment.
Geoff Blount | Managing Director | BayHill Capital | email@example.com | 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
Imagine that you woke up this morning to the news that Jacob Zuma and Donald Trump had both just announced their resignations as President and that Robert Mugabe has been declared unfit to lead Zimbabwe! Now think of who you would choose to lead? More importantly, what qualities should the next leader have?
The [fake] case of state protection failing employment justice? Given how I have spent the last twenty or so years of my career, I tend at second blush when evaluating individuals in their careers to view them through an employment relations lens (and with those higher profile employees a bit of governance oversight thrown in).
In his State of the Nation Address in 2017, President Jacob Zuma noted the intention of the South African government to influence the behaviour of the private sector and to drive economic transformation.
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