South Africa: Dawn of a New Era?

27 May 2018 Financial markets have celebrated the selection of Cyril Ramaphosa as leader of the ANC in December 2017, and his subsequent election as the Republic's president.  The beleaguered Rand (ZAR), for example, has rallied over 20% in the past four months.  Even the rating agencies have jumped on the band wagon.  Both Fitch [...]