'Cabinet size, structure among key post-election investor issues for Ramaphosa' | IOL Business Report

JOHANNESBURG - The size and structure of South Africa's new cabinet are among the key issues investors will judge President Cyril Ramaphosa on after last week's national elections, wealth management company Citadel said on Tuesday.

"With the elections now largely behind us, investors’ focus will shift to President Cyril Ramaphosa’s ability and political will in addressing issues of concern, namely: the composition of cabinet ... transforming the economy with the promised policy reform and resolving the problem that Eskom poses to South Africa," Citadel chief economist and advisory partner Maarten Ackerman said.

Ackerman said the cabinet announcement, expected later this month, was perhaps even more important than the actual election results, especially for international investors, given that the ANC was already expected to win. Having failed to implement any meaningful policy reforms in the first few months of the year, Ramaphosa was now freer to press ahead with reform and set a new direction for the economy for the remainder of the year, Citadel said.

busrep We need to seriously talk about provinces. We don't really need them. We're not a federal state. I still don't know what those provincial parliamentarians really do. We can save lots of money by getting rid of them or reduce them as a start.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elections boost business confidence | IOL Business ReportThe incoming administration is set to inherit improved business confidence after sentiment rose in April for the first time since January in anticipation of a more stable post-election policy environment. busrep busrep You are as gullible as the 30percenters
Source: IOL - 🏆 46. / 51 Read more »

BUSINESS MAVERICK: South Africa wins a fragile post-election window of economic opportunitySA has come out of the 8 May 2019 elections on a solid footing and has even managed to withstand the financial market sell-off on the flare-up in trade tensions between the US and China late last week. Now all eyes are on whether President Cyril Ramaphosa has the mandate to push ahead with necessary policy reform, taking advantage of this invaluable window of opportunity against a still-nervy global economic backdrop.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business confidence rises on post-election hopesSouth Africa’s business confidence rose in April as retail sales and import volumes improved alongside a firmer currency, a survey showed on Tuesday.
Source: City_Press - 🏆 7. / 72 Read more »

BUSINESS MAVERICK: Five post-election economic milestones to watchUnless the government adopts market-friendly economic policies that stimulate growth and job creation, the 2024 national election is likely to be a fraught affair. What are the five milestones that investors will take comfort from after the 2019 election? Insightful article. 👌
Source: dailymaverick - 🏆 3. / 84 Read more »