Bloodbath for Banks on JSE as Ramaphosa Uncertainty Weighs (Business Report)

  • The news sent shock waves through the local markets and put the rand under pressure as Ramaphosa, investors’ preferred candidate for president, is now facing possible removal.
  • Anchor Capital’s co-chief investment officer Nolan Wapenaar said stocks could trade weaker for a prolonged period because of uncertainty.
  • Business Leadership SA said the fact that allegations against Ramaphosa had been investigated was a positive sign of the health of South Africa’s democracy and its institutions. READ MORE

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