A line-up that signals a push for clean government and a focus on the economy will boost the mood among traders, said Nolwandle Mthombeni, an analyst at Mergence Investment Managers in Cape Town.
“A good outcome in the cabinet appointments will bring about the sentiment needed,” Mthombeni said. “South African corporates in particular need some level of assurance before they can have the confidence to start investing in the country again.”
Investors are looking for signals that will create investment confidence. The appointment of a credible and slimmed down Cabinet will be the first of these. The market will be looking for a Cabinet with experience, competence, integrity, and fresh ideas. Retaining people in key positions such as Mboweni, and Gordhan staying on in some capacity are all markers for investors that reform is a priority. Some Zuma apologists and those mired in some scandal will likely be reappointed, but it hinges on what posts they occupy and influence they may have. This will dictate the market reaction.The market is suffering from politician fatigue, and merely making appointments is not going to change investors’ minds.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ramaphosa not having any sleepless nights over Cabinet appointments | IOL NewsThe president said the country can rest assured that the people who are going to be in the national executive were competent and will deliver.
Read more »
Rob Davies left off Ramaphosa’s cabinet listDepartment of trade & industry veteran Rob Davies left off Ramaphosa’s cabinet list
Read more »
CARTOON | Jobs, MP list, economy etc.: Ramaphosa's to-do list is longCARTOON | Jobs, MP list, economy etc.: Ramaphosa's to-do list is long.
Read more »
Maimane wishes Ramaphosa well and pledges support as long as the corrupt ‘see jail’The leader of the opposition says the president has taken charge in a sixth parliament facing huge challenges.
Read more »
POLITICS PODCAST | Will Ramaphosa clean up his Cabinet?
Read more »
Ramaphosa promises balanced Cabinet that will ‘please all’Current national council of provinces chairperson Thandi Modise has been tipped by the ANC to take over from outgoing Speaker Baleka Mbete, while Lechesa Tsenoli will retain his position as deputy Speaker.
Read more »
How Ramaphosa can breathe new life into the ‘political fossils’ in his new cabinetAll eyes are now on who the president will attempt following his inauguration this Saturday.
Read more »
PART I: A radical blueprint for Ramaphosa’s Cabinet | News | Politics | M>his is Part I in a four-part series by richardcalland on Cabinet reform
Read more »
BUILD-A-GOVERNMENT: How Cyril Ramaphosa is reshaping his CabinetAs he works day and night to make his new Cabinet, here’s the top line: Most deputy positions face the axe, there’s a super-Presidency in the works and a ‘big bang’ announcement of departmental mergers is likely at the weekend.
Read more »
Mabuza & Dlamini likely to be excluded from Ramaphosa's new Cabinet – report
Read more »