ALLAN GREENBLO: Ramaphosa’s task is enormous, but not impossible
Three reasons why investors shouldn’t succumb to the noise of pre-election season
This pre-elections period is the season of heightened madness. Expect it in vast dollops. Truths and contexts become casualties, as they invariably do when emotions are let loose in the social media free-for-all. They offer a distorted gauge, as do soundbites from the self-interest of campaign rhetoric, amplifying arguments that stimulate populist responses and expectations but belie their capacity for credibility and implementation. Cool heads risk pollution by hot heads, especially within an ANC looking to outflank the EFF. With the EFF’s eyes set on a “kingmaker” role in national, provincial and municipal governments, where the ANC might not win outright majorities, some pandering is perhaps strategic for the challenge to be countered. Electoral inflexions are made of dust and return to dust. There are obviously known unknowns. These include whether: President Cyril Ramaphosa will emerge strengthened or weakened from his “capture” by resolutions of the ANC national elective confe...
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