Alec Hogg: Thanks for keeping faith Cyril, so should we

Not for the first time, South Africa breathed a collective sigh of relief this week when its president resisted the urge to tighten the Covid-19 related lockdown, ignoring shrill demands from the left. So, the hospitality industry's much needed Easter holiday boost goes ahead, sparing the economy further harm.

Read more: Alec Hogg: Why we sold three top performing stocks

For most, the ANC elective conference in December 2017 is a distant memory. Except for cynics, of course, who love to say reaction to Zuma's ousting – Ramaphoria – was overdone. Perhaps. But like every seismic shift, while it was over-estimated in the short-term, the long-term impact was under-estimated.

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