2019 South African general election: Analysis and News

[LISTEN] What the latest count in the election results means for the economy

There has been a positive response to the markets as ballots continue to be tallied for the 2019 elections.

The rand firmed in early trade on Thursday after South Africans took to the polls to make their mark this week.

Economist at Nedbank Busi Radebe perceives the consumer confidence as a 'sentiment'.

She explains that reforms need to be put in place.

It cannot be based on any fundamentals out there because just as we saw in the first half of last year, the economy had been so degraded over the previous nine years that even though I am positive and there is a change in leadership, I can't eat sentiment.

Busi Radebe, Economist - Nedbank

After this I should see reforms come about, when I see that, then I think the fundamentals are there but right now it is sentiment and I don't think you can eat sentiment.

Busi Radebe, Economist - Nedbank

Pan-African Investment and Research Chief Economist Dr Iraj Abedian says however, there should be no underestimation of the fact that this was a peaceful election.

He adds that while it may be an element of the so called second wave of 'Ramaphoria' but the rand is also subject to global factors.

It was peaceful by in large, things went relatively smoothly.

Dr Iraj Abedian, Chief economist - Pan-African Investment and Research

There is now almost convincing evidence that the ANC is going to have an outright majority. Remember it was a few days back, there has been all kinds of speculation about a potential coalition government which would have been a disaster for this economy.

Dr Iraj Abedian, Chief economist - Pan-African Investment and Research

Wits School of Economic and Business Science economist and senior lecturer at Lumkile Mondi says the market wants a party that has overwhelming support from the electorate.

He says there has been a lot of confidence placed in President Cyril Ramaphosa himself.

They believe he is the person who will drive those special reforms but is required to bring South Africa back to investment grade, as well as address the structural challenges embedded in our economy.

Lumkile Mondli, Economist and senior lecturer - Wits School of Economic and Business Science

Click on the link below to hear the full conversation....


This article first appeared on 702 : [LISTEN] What the latest count in the election results means for the economy


Recommended

by NEWSROOM AI
Read More
IEC to conduct audit of results and votes cast in sample of voting stations

IEC to conduct audit of results and votes cast in sample of voting stations

Eyewitness News reporter Theto Mahlakoana says there have been questions surrounding the integrity of the elections.

[LISTEN] #Elections2019: What the numbers say about the middle-class vote

[LISTEN] #Elections2019: What the numbers say about the middle-class vote

Political commentator Richard Calland unpacks the election results.

[Opinion] The past, present and future of voting

[Opinion] The past, present and future of voting

Elections require voting, but what will that look like in the next 25 years?

Socialist Revolutionary Workers Party launches its election manifesto

Socialist Revolutionary Workers Party launches its election manifesto

The Socialist Revolutionary Workers Party releases a pro-workers manifesto for the upcoming elections.

'Young people in this country don't feel that they are heard'

'Young people in this country don't feel that they are heard'

Youth notoriously don't vote and with the final voter registration weekend for the elections, the DA says it hopes to change this.

Popular articles
Dead bodies, syringes and condoms - the ugly truth about pollution in CPT rivers

Dead bodies, syringes and condoms - the ugly truth about pollution in CPT rivers

Plastic Pollution Initiative carried out the assessment last month and says the situation is dire and the findings shocking.

It just became legal for anyone to deal in dagga-derived CBD

It just became legal for anyone to deal in dagga-derived CBD

Cannabidiol now falls entirely outside of drug regulations. Africa Melane interviews Andre du Plessis (Cannabis Working Group).

How to calculate how much money you need to never have to work again

How to calculate how much money you need to never have to work again

How much is enough? Is there a simple calculation? Warren Ingram, a personal financial advisor at Galileo Capital, explains.

Yet another case of brutality against Sea Point police

Yet another case of brutality against Sea Point police

Esethu Mcinjana spent a night in custody becoming another victim of alleged ill-treatment by the police.

City of Cape Town in bid to rein in unruly taxi drivers

City of Cape Town in bid to rein in unruly taxi drivers

Mayoral Committee Member for Safety and Security JP Smith worried by negligent and dangerous driving.

'BEE has closed many avenues for skilled people'

'BEE has closed many avenues for skilled people'

Africa Melane speaks to EOSA's Johannes Wessels about why so many highly skilled South Africans are taking their talents overseas.

2007: Janine Willemans recalls the Ellen Pakkies case

2007: Janine Willemans recalls the Ellen Pakkies case

In 2007, a mother strangled her addict son to death. As we continue to reflect on 20 years of CapeTalk, Janine Willemans recalls that story.