The extent to which financial markets were spooked by the prospect of a David Mabuza or a Paul Mashatile taking charge of the ANC was a sober reminder of our place in the world: a small economy, heavily dependent on financial flows from the developed world to finance our imports and support the rand with an increasingly large risk premium attached to our assets.
Finance Minister Enoch Godongwana's message to the market, conveyed by Bloomberg News, that ANC economic policies have not in the past been affected by the ANC leadership transition and that this will not change in the future, was true enough, but it is only half the story. But before we get into what might and might not change under new leadership, it's important to say that change is not imminent now.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
politicsblahbla 1/2 Is there a relationship between Carol Paton and Alan Paton? Alan warned colonialists and surrogate apartheid government of the calamity they were creating when they executed forced removals to enforce segregation and large scale land dispossession which destroyed structured
politicsblahbla Ramaphosa should step aside, so the investigation can be done without fear
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STUART TROW: No quick or easy fixes for UK rental marketThe pressure on rents in the UK is not merely a matter of cost.
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