The market has been expecting President Jacob Zuma’s for some time. TreasuryOne said Zuma’s recall had been priced in to a large extent, but once the announcement was made there could be a knee-jerk reaction that could push the local unit below R11.80/$. Pan-African Investments CEO Iraj Abedian said he was concerned that Zuma was a barrier to ANC president Cyril Ramaphosa’s new South African economy. Abedian spoke to Business Day TV to share his views on the current political situation. Iraj Abedian, CEO of Pan-African Investments says that Zuma is a barrier to Ramaphosa’s new South African economy. OR LISTEN TO THE AUDIO:
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