Fitch says Ramaphosa crisis is a risk, but SA policies should stay in place | Business

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Fitch Ratings said on Monday while the future of President Cyril Ramaphosa is a risk for SA, it foresees broad policy continuity even if he is removed, given any successor would likely come from the ANC's moderate wing. | News24_Business

The ANC currently holds 58% of seats in parliament. The opposition also has the option to push for a vote of no confidence in the government, which requires a simple majority, the risk assessor said in a statement.

The risk assesor, said on Monday that the Phala Phala scandal may damage the reputation of the ANC, raising the possibility that the ruling party will respond by spending more than expected. "In addition, ANC governments do not have a record of substantially loosening policy ahead of elections to boost their electoral prospects - though in the past their support was firmer," it said.

 

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_Business 😂😂😂😂😂😂DD is up next

_Business 'ANC's moderate wing' thuba1 this is exactly what i meant about a liberal agenda being entrenched&imposed on us,in which the entire country must adhere to a nonprogressive and anti-transformative agenda to protect minority interests at all cost,Cyril's ANC is critical to that!

_Business These agencies are acting for global capitalists. They are here to influence policy direction for Africa. We need to ignore them.

_Business They even know where the successor will come from🤣🤣🤣🤣🤣🤣🤣Talk about state capture

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