JPMorgan says Ramaphosa no magic bullet for South Africa

by | December 18, 2017 5:26 pm

Investors cheering a possible Cyril Ramaphosa victory in South Africa’s ruling-party elections may be getting ahead of themselves. Bloomberg reports that the reformist agenda of Ramaphosa does have the potential to help accelerate economic recovery, avoid a credit-rating downgrade and strengthen the currency, according to money managers including Credit Agricole CIB and JPMorgan Chase &…

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