South Africa is at a major political and economic inflection point, writes Oliver Bell, portfolio manager of the T. Rowe Price Middle East & Africa Equity fund and Frontier Markets Equity fund.
With Jacob Zuma's resignation as national president of South Africa on Wednesday, we believe the country is likely to see a major reversal of fortune in the coming years under the stewardship of Cyril Ramaphosa, the recently elected ANC president and now the incoming national president. Rand falls as South Africa downgraded to 'junk' The anti-corruption drive is absolutely vital to restore confidence in a country where such confidence has been sapped over recent years, as headline news of alleged corruption has implicated former President Zuma and a patronage network beneath him. Zuma...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
