All eyes on Cyril’s cabinet; especially the rand
With South Africa’s election out of the way, the next key moment for investors will be the appointment of President Cyril Ramaphosa’s cabinet.
With South Africa’s election out of the way, the next key moment for investors will be the appointment of President Cyril Ramaphosa’s cabinet.
The most bizarre, but perhaps most predictable reaction to the ANC’s election victory came from the party’s own secretary general, Ace Magashule.
The ball is starting to roll. On Monday, the newly emboldened Hawks announced nine arrests relating to a R208m tender awarded by eThekwini Municipality.
When the world’s biggest platinum miners sit down with labour unions this month to negotiate a three-year wage deal, it could prove an early test of Cyril Ramaphosa’s new presidency in South Africa.
African National Congress head of elections Fikile Mbalula has indicated President Cyril Ramaphosa intends shedding ministers to create a leaner Cabinet.
There’s voter fatigue globally, and with South Africa’s young democracy, sadly the 65 percent voter turnout fell into the global average.
After the sixth democratic election, the ANC has shifted from being the party that everyone loved to a party that must clean up on corruption.
South African President Cyril Ramaphosa has reinstated an advisory unit in the office of the presidency as he seeks to speed up policy execution.
President Cyril Ramaphosa will have noticed the Rand appreciated 20c, RSA ten year bond yields improved nine points and the big banking shares rose between 3% and 4%.
Despite the South African ruling political party’s worst showing in a national election since 1994, global investors celebrated the ANC’s 57.5% victory as an improvement.