Cyril Ramaphosa is now the ANC president.
What does that mean for South Africa and investors?
The vote was very close and the split between the top six probably means the new leadership is not as business friendly as investors hope.
Exchange rates have strengthened drastically. Should you take more money offshore?
- Will Zuma step down or will the ANC recall him speedily? The answer has big implications for investors and ratings agencies. A quick resolution to the Zuma problem and a Cabinet reshuffle could be great for investors. The alternative could be damaging in the short term, but potentially positive in the long run.
For more detail; listen to the interview in the audio below (and/or scroll down for quotes from it).
You need a quarter of your investments outside of South Africa… If you have no money overseas, then the decision is simple…— Warren Ingram, Galileo Capital
How do you protect yourself against a Steinhoff? You have to have your eggs spread across a number of baskets.— Warren Ingram, Galileo Capital
It [the JSE] is a good place to put your money… Most of the top 40 companies are not really related to the health of the South African economy…— Warren Ingram, Galileo Capital
Don’t commit a lump sum to the market… phase it in over, possibly, 12 months…— Warren Ingram, Galileo Capital
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