As the county waits to see who will the voted in the top 6 positions at the 2017 ANC elective conference, economists are looking at how the markets will react.
Lesiba Mothata, Chief Executive Economist at Alexander Forbes Investments, says the market deals in certainties. Thus, there will only be real movement once the announcement is made.
He adds that there seems to be a favoritism towards Cyril Ramaphosa. This could be negative depending on the outcome of the vote.
They've fallen in love with Cyril. We've seen in the world that a surprise can be quite detrimental when you are so focused on one outcome. If the opposite arrives, there could be sell-offs, there could be issues. I'm worried about that love.— Lesiba Mothata Chief Executive Economist at Alexander Forbes Investments
Listen to the full interview below:
This article first appeared on 702 : 'Markets seem to be in love with Cyril'