ANC siding with EFF 'very negative' for investors, says Investec CEO | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

SA’s political climate is the most uncertain since the end of the apartheid era, with investors acutely concerned about a potential coalition between the governing party and a leftist group after next year’s elections, Investec Bank’s ceo said.

.

Anxiety is intensifying over the implications of the African National Congress falling short of the 50% it needs to retain control of the continent’s most industrialised economy, Richard Wainwright said in an interview with Bloomberg TV on Wednesday. That may push the party to tie up with the Economic Freedom Fighters, which advocates for the nationalisation of banks, mines and land.

The ANC has governed South Africa since the end of white-minority rule almost three decades ago. Opinion polls show it risks losing its majority next year because of a voter backlash over the party’s failure to tackle record power outages, along with rampant poverty, unemployment and inequality.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Political news papers. I used to oppose regulating the press but with toxic tabloids like TimesLIVE eNCA SundayTimesZA BDliveSA I think Regulation has become a necessity.

One would assume South Africans in general , the poorest of poor and the 00.1 % opposition political parties with a moral compass, intelligence and integrity would take confidence of our economist & financial institutions warnings , but it's like talking to a brick wall.

MYANC desperation ahead of elections.

Get lost with your fear mongering

As in basically: black government =corruption & violence. Why does one invest what is stolen, broken and destroyed without repercussions...

That's why we're going to vote for EFF

Well South Africa investors can't notice what happening in this Country Since 94 or do they want a invitation viewing the titanic sinking slowly under a regime that just can't provide for its people lower as junk status.

Russia fight with Ukraine and NATO open the eye's of world everything is transparent to devide ANC and EFF is example of devide Syria and Arabic nations that's the game played by white SA and intimidation of investors will live South Africa

Why Is the unity of black people such a threat to white people?

Stop being prophets of doom. Who told you we will need a coalition when we are going to win even the Western Cape Province.

Hahahahaha

Gerrie93731712 good day sir I hope you well 🙏🏿 do not get tired but a few days ago we were speaking about the possibility of ANC loosing power next year are you ready for this coalition which will strip you of your entire undue inheritance

Woow

EFF was a great initiative with so much which had a potential to shake our political ecosystem. Unfortunately they allowed or rather prove to bow to Malema's illogical political representation. He's a political bully with dangerous leadership qualities.

😂😂😂😂😂 Aaai man rooigevaar!

So the ruling party must not fight for economic freedom of the majority citizens?

Investors subverting democracy with threats, same investors didnt have problem with apartheid only after they was boycott, we going to vote for EFF

Was it negative when EFF sided with DA?

Apartheid has not ended, let's start there! Economists and Investors don't seem to have a problem with EFF siding with DA but have a bitch fits when ANC sides with EFF? It's becoming apparent now that they hate BLACK UNITY! The more reason why EFF and ANC should UNITE!

So invest where the anc don't rule... The Western Cape to start with. DA run. The World can see SA is run by 2 political parties. It is an easy decision actually for International powerhouses.

What if people decide not to vote? Will there be worries about a coalition then? People are fed up about politicians.

Ayesab'amagwala, ngob'efuna ukusetshenzelwa ngabantu. Umhlaba wonke ezandleni zabantu, akunamuntu waphath'umhlaba ngayedwaA

This is rich coming from a corrupt apartheid criminal race that is looting this country till this day Through their criminal enterprise the DA

I'll bet his kids are already overseas.

Which investors?

Right wing is an option? Do you know that Apartheid was right wing 🤔

EFF is just an opposition party and not govt..but they are raffling feathers of the racists

Who is this leftist group?

Do you actually think the ANC AND EFF give a shit about the common south african...It's 'steal what you want fuck everyone else'

Business ppl meddling is politics is a reflection on the current president. It never used to be like that.

What are you trying to say about apartheid?

What about the Anc and SACP relationship because SACP is a Leftist group and the investors are not concerned? This people hate Eff with passion

😂

And all blacks here are of course now wetting their panties because a white person says what the rest of the world sees. People, I know in South Africa there are no standards and you are happy with living in a shithole, but we actually NEED investors, and no, Russia doesn’t help

Maybe we really need new investors coz the ones we have now are greedy and not willing to share with South Africans, it might be an opportunity to negotiate better terms with those incoming to replace the current greedy ones

I would also be very concerned indeed !!!

The ANC and EFF is a recipe for disaster. This coalition will downgrade S.A even further. Corruption and looting will be the order of the day.Infrastructure, systems, service delivery will collapse. There will chaos , total lawlessness and anarchy.This will be END of S.A.

EFF is on the right track. I'm proud of my Organization. ThankYouEFF

EFF make the European foreigners to kak every 2 minutes

EFFSouthAfrica see what you have done …

They are going to steal this place rotten. Sa RIP

Comrades don't care. They just want to eat as much as possible before trough is empty

kof

Marete ya investors

Investors can Voetsek, Black South Africans interests comes first

Was it certain under apartheid?

Alarmist

Voetsek investors...but what i can tell, investors will be happy for the ANC and DA coalition, they are scared of EFF...

We don't want you to agree with us we touch the untouchable we don't need you to agree

strivaops So only white party are good for the investers? 😂😂

strivaops Lol wtf

EFF represents black progress and these WMC captains dont want to see that happen.

Tell the west fotsek

It’s not about the leftists per se but the policies, expropriation of land without compensation and nationalisation of the mines and banks. Global and domestic capitalists doesn’t want that!

Well, its a Lefits group and Far Left Group, with deep roots in Communism and Socialism. The ANC has destroyed this country for almost 30yrs.

Here is a proof that Black Unity is a threat to settlers and racists! When they see black people uniting, they immediately jump to “Swart Gevaar” The only reason they hate EFF is because they cannot supervise EFF like their Baas Boys Gayton McKenzie and Karen Mashaba

Investec Bank CEO must go just shut the hell up.

That is why Herman Mashaba's stokvel is very important to white people. I estimate they will give Mashaba R 500 million to campaign next year

The DA has literally pushed EFF towards ANC.

It is quite okay to pack off to greener pastures.

So they want racist DA in power?

He must heal

Instead of talking of harnessing the country's resources and industrializing SA for the benefits of her people, sponsored narrative are stuck with FDI. No country in history has developed into full serious prosperity through FDIs. It's a cold comfort for slavish thinkers.

Just say it with your chest out: White people are not happy to see the ANC and EFF working together because that has the potential of bringing equality among SAns which white people don't want.

Let them disinvest and go. Simple

But EFF siding with DA and donating votes to DA was fine, they are our EFF don't worry we will work and govern with them

Foreign investment is overrated, every business aims for a positive bottom line meaning they get more than they give

The investers must contest political power

F... investors we are poor as we are so to hell with white opinion and white ego.

The anc and eff only wants more political power to eat more. They are not concerned about the honest South African!

The division of the natives is good for business in SA 🤔

Who are those investors are they Africans or whites

The SA political climate was onky certain during apartheid because one thing you could be sure of was segregation of black people . If they dared to rise against that apartheid government, they were killed....that is the certainty referred to ...

Those white investors are happy with this I think.

The investors are concerned over nothing. What they should be worried about is the fact that with whatever party the ruling party chooses to rule with. There will be riot's and possible civil war.

Because they enjoy profits out of divisions and conflicts, if one can take a drive at R21 the development there kind of disagrees with what the industry captains are saying. Perhaps their silently instilling fear and hiding the truth.

Tell him to also wake up to world economic changes by Brics...🇿🇦🌍🌎

Why are whites so rattled about the EFF?

Unity of black people threatens investors

They must fokof

Corporate South Africa hates to see natives United. Basically the unity of Africans is seen as a threat to non-Africans. Now it makes sense why Hilary Clinton is said to have orchestrated the assassination of Gaddafi while planning to form the United States of Africa.

SA don't reisist investors

Fak those racists investors.

Investors are not concerned about the victimization of White people and Investec's role in the white erasure of every project they touch.

And it will positive when ANC side with DA. 🙄

So it will be positive for investors if they side with the right wing?

Manayokunya nama investment abo.

😂😂😂😂😂😂😂😂 woooooow

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines