RON DERBY: Whatever it brings, December conference has to happen
Any outcome from the December conference will provide some level of certainty for the 18 months thereafter
Bad politics has consumed the South African story for the better part of a decade. December provides an opportunity to make a break with the confidence-sapping environment that has engulfed the economy, pushing business confidence to lows last seen in the mid-eighties. Of course, that depends on just which faction wins the day at the end of the ANC's elective conference in Johannesburg. Whatever the case, or rather whoever the winner, the most important thing for me is that there is an elective conference. Murmurings of attempts being made to push back the conference by as much as a year would prove disastrous should they be successful. This would be the worst possible outcome for both party and, more importantly, country. The tough investment calls, and ones that can't be unwound by just a flick of a switch, have been reserved for the outcome of that conference. While the South African economy goes into hibernation from the end of November, the rest of the financial world is still ...
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