'Cabinet size, structure among key post-election investor issues for Ramaphosa' busrep
JOHANNESBURG - The size and structure of South Africa's new cabinet are among the key issues investors will judge President Cyril Ramaphosa on after last week's national elections, wealth management company Citadel said on Tuesday.
"With the elections now largely behind us, investors’ focus will shift to President Cyril Ramaphosa’s ability and political will in addressing issues of concern, namely: the composition of cabinet ... transforming the economy with the promised policy reform and resolving the problem that Eskom poses to South Africa," Citadel chief economist and advisory partner Maarten Ackerman said.
Ackerman said the cabinet announcement, expected later this month, was perhaps even more important than the actual election results, especially for international investors, given that the ANC was already expected to win. Having failed to implement any meaningful policy reforms in the first few months of the year, Ramaphosa was now freer to press ahead with reform and set a new direction for the economy for the remainder of the year, Citadel said.
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