ANC 2017 Elective Conference

Cannot assume ANC president will influence SA's economic policies - accountant

Market analysts should not assume that the victor in the ANC's presidential race will have a massive influence on South Africa's economic architecture and policies.

This is according to accountant and social activist Khaya Sithole, who says the ANC president is not guaranteed to be president of the country come 2019 general elections.

The reality is that whoever wins today is not the president of the country. They are a president of a political party that is not even guaranteed an election victory in 2019.

Khaya Sithole, chartered accountant

The general sentiment out there is that the markets would prefer a particular candidate to emerge and if the alternative candidates emerges there might be some sort of bloodbath. That's what we're hearing.

Khaya Sithole, chartered accountant

Click here for more coverage from the 2017 ANC Elective Conference.

Take a listen:


This article first appeared on 702 : Cannot assume ANC president will influence SA's economic policies - accountant


Recommended

by NEWSROOM AI
Read More
Meeting underway at Luthuli House to address ANC missing votes

Meeting underway at Luthuli House to address ANC missing votes

It is unclear what progress they have made as the lawyers involved in this matter are unavailable, says EWN's Ziyanda Ngcobo.

Recalling Zuma will divide the ANC - MKMVA's Kebby Maphatsoe

Recalling Zuma will divide the ANC - MKMVA's Kebby Maphatsoe

ANC veteran Murphy Morobe says that President Zuma should be recalled as there cannot be two centres of power in the organisation.

'Failings on land reform makes the ANC look bad'

'Failings on land reform makes the ANC look bad'

Professor Ruth Hall gives an analysis on the ANC president's statement about land restitution during the last day of conference.

What Cyril Ramaphosa means for your retirement fund and/or other investments

What Cyril Ramaphosa means for your retirement fund and/or other investments

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Standard Bank calls for Ramaphosa to urgently deal with corruption

Standard Bank calls for Ramaphosa to urgently deal with corruption

The bank says it hopes the new ANC leadership will use the country's laws to deal with scourge of corruption.

'The President has a new boss and that boss is Cyril Ramaphosa'

'The President has a new boss and that boss is Cyril Ramaphosa'

Analyst Daniel Silke says he doesn't believe everyone on the NDZ list wants to see the perpetuation of Jacob Zuma.

Popular articles
I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

The Money Show’s Bruce Whitfield interviews Madzonga, who claims innocence and that Chairperson Tshifhiwa Matodzi lied to him.

The sun sets on Zimbabwe’s new dawn as inflation hits 155%

The sun sets on Zimbabwe’s new dawn as inflation hits 155%

Here we go again… The Money Show’s Bruce Whitfield interviews Africa Connected Host Lee Kasumba.

'Clicks false-positive pregnancy tests causes a lot of heartbreak'

'Clicks false-positive pregnancy tests causes a lot of heartbreak'

Some of the women who used these tests shared their heartbreaking stories with Business Insider Online.

Tax payers could go back to filing returns manually if Sars system not fixed

Tax payers could go back to filing returns manually if Sars system not fixed

Marc Sevitz of Tax Tim says it is scary to think the system might collapse and taxpayers will have to file manually.

[WATCH] Hilarious little girl tells mom that she needs a boyfriend

[WATCH] Hilarious little girl tells mom that she needs a boyfriend

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

News 24 investigative journalist Kyle Cowan reports that Zuma was granted the loan despite the fact that he could not afford it.

Let your nose decide if docci claims into perfume industry are true

Let your nose decide if docci claims into perfume industry are true

Claims have been made that the perfume industry don't want consumers to know the real cost of making these products.

Woman alleges pastor Omotoso began sexually abusing her at 14

Woman alleges pastor Omotoso began sexually abusing her at 14

Nigerian pastor Timothy Omotoso and his two co-accused face multiple charges, including human trafficking, racketeering and rape.