Big ANC election win could give shares a boost

Bradley Prior

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Big ANC election win could give shares a boost

A South African election outcome that sees the ruling party win 55-60 percent of the vote could boost shares in banks and insurers, retailers, locally focused industrial companies, property firms and telcos, according to UBS Group AG.

A victory of that magnitude for the African National Congress in the May 8 poll is a result seen by many as enabling President Cyril Ramaphosa to lead “in a less constrained way,” said Aveshen Pillay, director of equity derivatives sales and structuring at UBS in Johannesburg. [Bloomberg]
 

konfab

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A South African election outcome that sees the ruling party win 55-60 percent of the vote could boost shares in banks and insurers, retailers, locally focused industrial companies, property firms and telcos, according to UBS Group AG.

A big win for a party that wants to destroy property rights means that shares in property firms will go up?

There is a reason why these scumbags are regularly beaten by the index.
 

Creag

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Any share boost will be short-lived. Any talk of share boost is propaganda by the ANC. It will simply empower all that is ill, smut and cesspool in the ruling party, and, sadly, by default South Africa.
 

ToxicBunny

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What a load of dothraki ****.
This election gives Cyril fokol mandate! It doesn't change the composition of the NEC.

I really wish people would stop with this bollocks about giving Cyril a mandate, or protecting him or anything.... its complete horseshyte.
 

Cius

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What a crock of useless drivel, the ANC gaining power would not help shares in the long term, as they have a proven track record of being anti business, and pro EWC. Them losing support could mean short term upheaval though so the share market is pretty much in for a bad time regardless of what happens.
 

BBSA

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Giving the ANC/EFF coalition the power to charge our constitution will be suicide for our country. Investors will vote with their wallets....
 

konfab

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Everyone who believes what these people are saying should sell all their foreign shares and invest in the companies they are recommending. After all, this is Cyril Ramaphosa- The Messiah of the New Dawn we are talking about. Surely he will be the saviour for South Africa.
 

SmartKit

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Any share boost will be short-lived. Any talk of share boost is propaganda by the ANC. It will simply empower all that is ill, smut and cesspool in the ruling party, and, sadly, by default South Africa.
Just enough time to allow for a quick escape. A short lived boost in the property market would be nice.

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John Tempus

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Big ANC election win could give shares a boost

A South African election outcome that sees the ruling party win 55-60 percent of the vote could boost shares in banks and insurers, retailers, locally focused industrial companies, property firms and telcos, according to UBS Group AG.

A victory of that magnitude for the African National Congress in the May 8 poll is a result seen by many as enabling President Cyril Ramaphosa to lead “in a less constrained way,” said Aveshen Pillay, director of equity derivatives sales and structuring at UBS in Johannesburg. [Bloomberg]

Haha the lack of logic in this article is cancerous. If this is not a real form of election peddling ahum I mean meddling by news outlets then I don't know what is.
 

ForceFate

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Everyone who believes what these people are saying should sell all their foreign shares and invest in the companies they are recommending. After all, this is Cyril Ramaphosa- The Messiah of the New Dawn we are talking about. Surely he will be the saviour for South Africa.

Foolish even if we had a healthy economy.
 

thestaggy

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Yes, and then they will nosedive when the ANC has to do deliver on its commitments; EWC, nationalisation, etc.

The days of the ANC lying for votes are over.
 

Swa

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Well imagine then what the ANC effectively losing the election would mean for shares.
 

Fuzzbox

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Nothing to write about .
The looting will always continue.
Why did he only pay back the R500000 rand when he was found out .
He is also a crook.
 

Little Mac

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Big ANC election win could give shares a boost

A South African election outcome that sees the ruling party win 55-60 percent of the vote could boost shares in banks and insurers, retailers, locally focused industrial companies, property firms and telcos, according to UBS Group AG.

A victory of that magnitude for the African National Congress in the May 8 poll is a result seen by many as enabling President Cyril Ramaphosa to lead “in a less constrained way,” said Aveshen Pillay, director of equity derivatives sales and structuring at UBS in Johannesburg. [Bloomberg]
Less constrained... By what exactly? The same thing that constrained Zuma? ANC needs more constraints not less.
 
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