'SA economy might benefit from Zuma's removal'
Opposition parties and some civil society organisations are calling for Zuma’s impeachment.
CAPE TOWN - Economists believe South Africa's market will improve if President Jacob Zuma is removed from office, if only briefly.
Opposition parties and some civil society organisations are calling for Zuma's impeachment, after the Constitutional Court found he disregarded the Constitution over the Nkandla spending saga.
Economist Richard Downing says irrespective of whether Zuma steps down, the economy is already more secure following the Constitutional Court ruling.
He says the ruling has already made it clear that South Africa is a constitutional democracy, which is a big plus for the markets.
"I think that's important for business confidence and business climate to hear that."
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Meanwhile, Investec Asset Management's Vivienne Taberer believes the economy would most likely benefit from Zuma's impeachment.
"I think the market would initially see it as a positive knee-jerk reaction, showing the strength of South Africa's institutions, but whether this will be long-term good for the country depends on who he is to be replaced with."