The ANC’s reaction to the outcome of elections - and the policies it might adopt as a result - could influence ratings agencies, according to Rian le Roux of Old Mutual Investment Group.
There was initially concern that, should the ANC lose some ground to the EFF, it would adopt a more populist approach to mitigate against further loss of votes in the future. However, with the EFF emerging as not eating into ANC support as much as expected, and rather losing support to the more business-friendly DA, the risk of the ruling party taking this approach appears to be waning and, with it, the threat that this poses to SA’s credit rating.— Rian le Roux, Old Mutual Investment Group
The Money Show’s Bruce Whitfield interviewed Old Mutual Investment Group Fund Manager John Orford.
Scroll down for quotes from the audio below.
The ANC cannot ignore the urban voters.— John Orford
The ratings agencies wants to see concrete evidence that we’re addressing some of the issues around growth.— John Orford
It’s a huge drop! The ANC may be at risk at the national elections.— John Orford
Does the ANC jump to the left or do they implement the policies of the National Development Plan?— John Orford
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