Strong ANC win would boost SA asset prices - Goldman Sachs

- | 5 months ago

A strong win for President Cyril Ramaphosa’s ANC in next week’s election would trigger a rally in asset prices, according to Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group.

"We need to get out of this election a strong mandate for structural reforms," Coleman said in an interview on Bloomberg Television on Wednesday. Subscribe to Fin24’s newsletter here Support of 60% 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.

read full story