The ascension of Cyril Ramaphosa to the presidency has substantially bolstered investor sentiment towards SA, but disagreement within the ANC could ultimately hamper policy change and deter investors, according to BMI Research, a sister company of the ratings agency within the Fitch group. BMI warned that infighting within the governing party would hamper some of the most crucial structural changes, including measures to address the long-term fiscal management and transparency of state-owned enterprises. In a report released on Thursday, BMI said political transitions had opened up opportunities for crucial macroeconomic reform in SA, Angola and Zimbabwe. "Following high-profile leadership changes, we see increased opportunity for business-friendly reform in a number of major Sub-Saharan African countries," it said. BMI warned however, that while recent policy announcements "suggest that governments in these major Sub-Saharan economies are more willing to move forward with reform, i...
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