Another win for the ANC in the upcoming national elections will be welcomed by international investors and big business, ringing in Ramaphoria 2.0, an economist said.
"If it does happen that the ANC gets close to 60% in election, we can have Ramaphoria 2.0 play out. It will be welcomed by investors and we can see business confidence pick up," he said. Ramaphosa could be a"good candidate" drilling down on corruption, but he needs to take a tougher stance on hard things like labour relations, for example, he explained."Corruption busting is fantastic, but it does not give growth," Pienaar said.Nic Borain, senior political analyst on sub-Saharan Africa at BNP Paribas, shared views that Ramaphosa's anti-corruption reform agenda is not identical to a structural economic reform agenda.
If Ramaphosa pulls in together a new, technocractic Cabinet, instead of a compromised Cabinet then markets would view this as real change, Borain said.S&P Global sees ANC taking moderate approach to land reform
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