'It will get noisier and more complex.' Investors, analysts on Ramaphosa crisis | Business

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Here’s what investors and analysts are saying about the possible resignation of president Cyril Ramaphosa. | News24_Business

after an advisory panel found the"cash-in-sofa" scandal that’s embroiling his administration may be grounds for his impeachment.

Investors awaiting answers have been selling South African assets amid fears that his potential departure may set back reforms aimed at bolstering economic growth, stabilising public finances and tackling graft. "The market is reacting negatively, but if Cyril Ramaphosa’s position is so compromised that he’s looking to resign, it shouldn’t be too bad for South African assets. The market dreads political instability and often prefers to go with the devil they know than the devil they don’t."

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