RE: Some not so good news18 Nov 2019 16:50
I thought @Lindon's wider point was that external investment sentiment in SA has not changed for the positive that much and continues to deteriorate. This despite Ramaphosa's investment conference.
If we look from an outsider's perspective perhaps, what exactly has changed in SA in the 21 months he has been in power. Are there any big corruption trials ?, have large swathes of ANC thieves been brought to book for their mismanagement and in many cases outright thefts and corruption ?
Just looking coldly and knowing not a lot, it is not hard to see why sentiment has not changed. In a very similar way, we rail against the injustice of the current MCAP, but from outside in between bottles of bolly, why is an II or fund manager gonna say 'sure bet' ... they don't know what we know and can't be arsed to find out until the clues are rammed down their throats.
I did not read Lindon's post as a criticism at all, just a reminder that there are other factors at play.