Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group Inc, is hoping for a big win for the ANC.
“We need to get out of this election a strong mandate for structural reforms,” Coleman said in an interview on Bloomberg Television on Wednesday. Support of 60 percent would give Ramaphosa the “political space to implement his modernisation agenda, including trying to effectively get the state-owned enterprises and a raft of economic reforms firmly in place.”
With South Africans scheduled to vote on May 8, opinion polls are suggesting the ruling ANC will win enough votes to remain in power. The margin of victory, however, is key to determining if Ramaphosa is able to deliver on pledges to revive flagging economic growth, bring rampant corruption under control and address a 27 percent unemployment rate.
Estimates of support for the ANC range from 51 percent to 61 percent, with the opposition Democratic Alliance garnering between 19 percent and 24 percent, according to surveys by polling firms and research institutes. Julius Malema’s Economic Freedom Fighters, currently the third-largest party, is seeing support of 11 percent to 14 percent, the polls show.
Were the ANC to reach the 60 percent-mark, “then the market will be very bullish,” Coleman said. Anything below that level would limit Ramaphosa’s ability to make the changes he wants, he said.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Maybe in the short term but long term....not so much
It would, but at what cost of having the ANC in power? The track record of their unprecedented reign speaks a different tale.
It's true. The international opinion formers that define what we pay for the necessary debt for infrastructure and development know a vote for CyrilRamaphosa and the MYANC is a vote for the future.
No,a Coalition should do the trick,Same as in Johannesburg.
Unfortunately for Goldman Sachs and Colin Coleman, we will vote for EFF...
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Business Maverick: Gold worth billions smuggled out of AfricaBillions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – Reuters analysis has found. David Lewis, Ryan McNeill and Zandi Shabalala report on the extraordinary and rising problem of gold smuggling out of Africa. It used to be called 'artisanal'. Now its big business.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Business Maverick: The spectre of stagflation is haunting South Africa and the alternative is also scarySouth Africa's economy does not have a lot in its favour at the moment. Relatively moderate inflation in recent years has been one of the few bright spots. Even this has been a mixed blessing as it partly stems from subdued demand. This could change soon, with price pressures unrelated to consumption building in the economy. Against the backdrop of anaemic growth and sky-high unemployment, this could unleash the spectre of stagflation. And if prices do remain subdued, it is only because of the dire state of the economy. No clear policy and leadership ! Just corruption from thieving, bent MYANC and CyrilRamaphosa who can’t stop it and won’t! MoodysAnalytics MoodysAnalytics WSJ business PIMCO FT Davos GoldmanSachs jpmorgan
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
BUSINESS MAVERICK: The spectre of Stagflation is haunting South Africa and the alternative is also scarySouth Africa's economy does not have a lot in its favour at the moment. Relatively moderate inflation in recent years has been one of the few bright spots. Even this has been a mixed blessing as it partly stems from subdued demand. This could change soon, with price pressures unrelated to consumption building in the economy. Against the backdrop of anaemic growth and sky-high unemployment, this could unleash the spectre of stagflation. And if prices do remain subdued, it is only because of the dire state of the economy.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
BUSINESS MAVERICK: South Africa is not the only regional economy with a debt problemSouth Africa was not the only economy in the region to suffer a lost decade or ‘nine wasted years’, to quote President Cyril Ramaphosa. In some ways mirroring Pretoria’s trajectory, many African economies have been racking up concerning levels of debt against a backdrop of relatively sluggish growth. Part of this stems from continued reliance on natural resources. The failure to diversify or industrialise is one reason why so much of the past decade has been lost.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
Freedom Day in South Africa - a reminder of unfinished businessAs South Africa marks 25 years of freedom, many citizens have to contend with the harsh reality that they can't eat democracy. You cannot change the past, but you can change the future. Stop digging in the past otherwise this country will stay in the past As I’ve recently learnt the truth around the world is that first you need a liberator to set you free the you need freedom from your liberator... voteforchange ..And also can we talk about our successes?! GrowSouthAfrica GrowGauteng VoteANC
Fonte: eNCA - 🏆 49. / 51 Leggi di più »
Freedom Day in South Africa - a reminder of unfinished businessAs South Africa marks 25 years of freedom, many citizens have to contend with the harsh reality that they can't eat democracy. Only on FREEDOM day.... May 8 unfinished business ANC will be re-elected Freedom to employ Bell Pottinger
Fonte: eNCA - 🏆 49. / 51 Leggi di più »
China's vast investment in Africa hits a snag in Congo - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.China's investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo as the central African nation is seeking an IMF bailout. Hopefully it's not cancer causing factories they're investigating
Fonte: SABC News Online - 🏆 32. / 51 Leggi di più »
91% of Malaria cases globally occur in Africa: WHO - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.91% of Malaria cases globally occur in Africa and beating the disease is a massive challenge. On Thursday countries across the globe mark World Malaria Day under the theme 'Zero Malaria Death starts with me.'
Fonte: SABC News Online - 🏆 32. / 51 Leggi di più »
There is no place for old flag in SA democracy: Legoete - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.African National Congress (ANC) spokesperson Dakota Legoete says there is no place for the old flag in a democratic South Africa. But the ANC have found a place for that flag in our 'democracy' to use it as a rhetorical tool! Who is this? Or SABC again promoting ANC. You LL never see me paying tv license The public display of apartheid flag has a potential to sow a seed of discord among SA citizens. Mindful of this, this flag, if it must be displayed, should be displayed in a Museum for people to visit and see it there.
Fonte: SABC News Online - 🏆 32. / 51 Leggi di più »