Cape Town – While Cyril Ramaphosa will be a very effective communicator with business and investors we do not think policy wise it’s a given that he will be investor friendly.

So said Nomura’s emerging markets economist Peter Attard-Montalto following the announcement of Ramaphosa’s appointment of edupty president on Sunday.

Montalto said a BEE economy (the world Ramaphosa comes from) is very different from a free market (private) business economy that would be growth enhancing.
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