ANC is at risk of losing 2019 elections, says Rand Merchant Bank
RMB notes in a report that while the odds of Jacob Zuma being forced out of office has risen‚ so have the odds that his faction will win the next ANC elective conference
Rand Merchant Bank (RMB) has warned that President Jacob Zuma’s stay in office amid growing calls for him to resign, and the possibility of Nkosazana Dlamini-Zuma becoming the next ANC president, put the party at risk of losing the 2019 elections. The warning is contained in RMB’s report titled: Political Views In A post Downgrade‚ post Gordhan SA. The report has raised the ire of Zuma’s staunch defenders, with the ANC Women’s League issuing a statement on Thursday reminding the bank that it was ANC members that elected party leaders. RMB predicted that political uncertainty might persist until 2019, when there might be a change of government. "The market may be underpricing the probability that Zuma gets forced from office in the next few months‚" it said. RMB also warned in the report that the removal of former finance minister Pravin Gordhan increased the chances of potential interference in the South African Reserve Bank. "Risks of a shift to the left‚ including potentially inte...
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