David Mohr
By Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist) from Old Mutual Multi-Managers.
For local markets last week, global risk aversion was exacerbated by a delayed Cabinet announcement. When it was eventually made, the response was broadly positive. Continuity at the key finance and public enterprises as well as mining ministries will be reassuring to investors. However, the reduction in the number of ministries from 36 to 28, while welcome, hardly amounts to the radical reconfiguration and streamlining of government that many hoped for. (more…)
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