Ramaphosa presidency may save SA from another downgrade - analyst
Whoever wins the ANC leadership race in December will have to deal with the sluggish economy and its downgrade by ratings agencies.
JOHANNESBURG - As African National Congress (ANC) presidential hopefuls intensify their campaigns ahead of next month’s elective conference economists, ratings agencies and the markets are watching closely.
Whoever wins in December will have to deal with the sluggish economy and its downgrade by ratings agencies.
Today, Eyewitness News examines the possibility of a Ramaphosa victory and what that might mean for the economy.
Eyewitness News has spoken to several analysts and Ramaphosa campaigners about what can be expected on the economic front if the deputy president emerges victorious in December.
His camp insists he is favorable to investors.
And political analyst Mcebisi Ndletyana says a Ramaphosa presidency may be able to save the country from another downgrade.
“Cyril is a more credible messenger for prudent government and ethical leadership.”
Fellow analyst Ralph Mathekga believes that things may improve on the economic front because the business sector trusts Ramaphosa.
“That’s been understood as a cue for reasonableness and confidence that the markets might have in Cyril’s leadership.”
The analysts agree though, that if Ramaphosa wins, a potential legal fight back by losing factions may cause more uncertainty and rattle the markets.
LISTEN: The Showdown: What a Ramaphosa presidency means