In what it said was a sign of its confidence in President Cyril Ramaphosa’s ability to resuscitate the economy after the ANC’s victory in last week’s election, Goldman Sachs Group is expanding operations in SA. Goldman Sachs, one of the world’s leading investment banks, also said that it had entered into a partnership with Investec to expand equity trading into the rest of Africa via Johannesburg. The US lender, which has had a presence in SA for two decades, will also offer fixed-income products, including currency and government bond trading to corporate and institutional investors in the country. Goldman Sachs already provides advisory, wealth- and asset-management services. Structural reforms The move is a "testament to our confidence in the unfolding structural reforms in SA, which should drive higher economic growth rates and economic opportunity for our clients and the people of the region", said Colin Coleman, head of the sub-Saharan Africa division. "The long-term economic ...

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