| Political commentator Justice Malala talks to John Haynes and Paul McKeaveney about the potential impact on the economy post the ANC elective conference.
The panel believes that if the outcome of the ANC elective conference is viewed positively by the market, South Africa’s economic recovery will be swift. Justice Malala comments that if the result is not market-friendly, it won’t result in a “doomsday” scenario as South Africa has a strong civil society and institutions, manifest in a free press and independent judiciary, which means that politicians can be called to account. Portfolio manager Paul McKeaveney discusses Investec Wealth & Investment’s portfolio positioning in the light of these local and global trends. He notes that despite the uncertainties, South Africa is at a point of great opportunity, should the elective conference give a market-friendly result. John Haynes, Chairman of the Global Investment Strategy group, Investec Wealth & Investment, UK, points out that if the result is a negative one, South Africa could potentially lose out on the synchronised global growth across the major markets. More insights from Investec: Listen to a podcast with Investec experts discussing the potential outcomes of the ANC elective conference. http://bit.ly/2jWj0jL |
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