The election has come and gone, and President Cyril Ramaphosa says it is time to concentrate on the local economy.
South Africa has avoided a ratings downgrade until now, what is the path for the next five years?
Ray White on the Xolani Gwala Show speaks to Intellidex head of capital markets research Peter Attard Montalto.
Moody's has pointed out that we need to see the actual deployment of political capitals soon.— Peter Attard Montalto, head of capital markets research - Intellidex
He says he suspects that there is going to be big announcements from Ramaphosa on what is going to happen to state-owned entities.
There is going to be a significant announcement on Eskom in particular, and how they are going to deal with the pile of debt at Eskom. That is going to be a massive event for markets when that comes. There is going to be more comprehensive policy announcements coming up.— Peter Attard Montalto, head of capital markets research - Intellidex
Montalto adds that there will also be a lot of talk around the R100bn investment as well an investment summit at the end of the year.
There are a lot of things coming from Ramaphosa, but the implementation is crucial.— Peter Attard Montalto, head of capital markets research - Intellidex
Listen below to the full interview:
This article first appeared on 702 : It is crucial that Cyril Ramaphosa prioritises implementation - economist