18 Dec 2017
How the market reacted to Ramaphosa's victory
By Janice Roberts
Unsurprisingly, the reaction in South Africa’s financial markets to the election of Cyril Ramaphosa as the new president of the ANC has been extremely positive, Stanlib said in a note this evening. “The markets anticipated a Ramaphosa victory ahead of the conference, with the rand and bond market strengthening appreciably over the past few days....