Ramaphosa victory could be good for SA economy: Analyst
A financial analyst says the outcome of the ANC presidential race can help restore the country's economic confidence.
"At the moment it looks as though the markets are discounting Ramaphosa's victory. I think if it does happen, it's broadly supportive for further economic growth," analyst, Graeme Kerner says.
Deputy President, Cyril Ramaphosa is leading the race nationally followed by Nkosazana Dlamini-Zuma.
The latest statistics show that GDP in the country grew by 2% in the third quarter of the year - projections had been around 1,5%.
Kerner says international investors will be watching the conference closely.
"Maybe, some of the policy confusion that has existed over the last year or two might be removed. There could be a nice unleash of economic activity if we do get a Ramaphosa victory or a unity candidate. I think that's key," he says.
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