Veteran investment manager Kokkie Kooyman of Denker Capital explains why the Rand and share prices of SA financial companies have risen so strongly over the past few days: the election results and ANC’s choice of GNU partners has avoided “an 80% chance” of the country replicating a Zimbabwe-type disaster. He cautions that there is still a risk of “own goals” and malevolent political forces derailing the nation’s future. But Kooyman, the winner of many global investment management awards, reckons a more likely scenario is a second wave of asset price increases driven by large foreign capital flows as SA’s watershed is fully absorbed in the world’s financial capitals.
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