South Africa: News awaited on the ANC’s choice of new leader - Rabobank

According to analysts at Rabobank, news is awaited from South Africa on the ANC’s choice of new leader and market friendly Ramaphosa and previous President Zuma’s ex-wife Nkosazana Dlamini-Zuma are the main two candidates.

Key Quotes

“Ramaphosa represents the pro-business and anti-corruption group within the ANC. Last month he revealed an ambitious 10-point plan to revive weak economic growth by supporting growth and jobs. South Africa should aim for a 3% GDP growth in 2018 and an even faster pace of expansion of 5% in 2023 to create jobs, Ramaphosa said. The ANC must also restore confidence amongst investors and avoid populist measures to stimulate economic activity. Ramaphosa has also pledged to fight against corruption.”