The rand will likely collapse if Ramaphosa is not re-elected ANC president: economists

The rand will likely collapse if Ramaphosa is not re-elected ANC president: economists

Business, Technology

2022-01-25 11:01:00 AM

The rand will likely collapse if Ramaphosa is not re-elected ANC president: economists

South Africa is likely to see a subdued year of growth in 2022, but certain key events such as the ANC’s elective conference in December could have a significant impact on the economy.

The rating agency said that government consumption and investment will provide some tailwinds to economic growth and that the South African Reserve Bank (SARB) to maintain a hawkish bias over the course of 2022.Key to this is that Fitch anticipates president Cyril Ramaphosa to face continued opposition from leftist elements within the ruling African National Congress (ANC), but to survive a leadership challenge at the party’s elective conference in December 2022.

“Markets broadly anticipate such an outcome as well, and that South Africa will follow a path of fiscal consolidation,” said Investec chief economist Annabel Bishop.“Should Ramaphosa not retain ANC leadership at the elective conference at the end of this year

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EFFSouthAfrica × Julius_S_Malema Heeeee hoo bese! We are still struggling from pravin gordhan's lies about cyril ramaphosa. So please give us a break! The rand needs to chill it better make up its mind if it's a political party or not Last of last year... 2 litre cooking oil was between R30 - R35-00 at most major stores in S.A. Today the very same oil is R75-00... that's over 100% percent increase... and that's only just one product, don't fool us please 🙎🏾‍♂️... The Rand is gone with the Land!.

We will pick it up You talking bull shit, marete Stop with the blackmail. What has the “strong” rand done for us anyways… everything has been going up in prices including basic services 🤣🤣🤣😂😂 I thought we are already in Junk status under his presidency but hei anything that makes our Bishop's happy Do you see that tree? Yes that one facing the opposite direction...That is South African journalism and almost everyone knows why🙄🙄🙄

The majority of South Africans are already poor & since 2019 the living standards of South Africans have declined, what I'm trying to say is you cannot threat poor people with more poverty.

WATCH | Ramaphosa delivers ANC NEC Lekgotla closing addressANC President Cyril Ramaphosa delivers the closing address of the ANC NEC Lekgotla. 🚮 As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of AMBREYMARCUS1 . ANC Ubuntu culture. Every one is my brother, daddy, mamma, sister wither they are good or bad and family stick together - and why no ANC/EFF cretin will go to serious jail time.

Woow, ok.. this is a reality.. Let the rand fall. We will go back to barter training. We cannot as a country have an emotional currency Let it collapse then Badakiwe that's all I'm gonna say Danko!!!! Ngabe mfana nizoVota nini It can go and suck 🍆 and those who controls it then we not moved even smh. They’re mos planning to pick it up, anyway.

We don't care about that, ever since ur CR17 is a president everything is expensive, he's not good for this country specially in the black nation Don't worry RAND will start its own political party I refer you to Section 1 of Nomvula Act 51 of 2015. Aliwe sizolicosha 👇🏿👇🏿👇🏿 Tsek. Don't come here with propaganda. We know these tactics very well. Cyril has been useless.

ANC must lead immigration debate - RamaphosaANC President Cyril Ramaphosa delivered the outcomes of the NEC Lekgotla, this weekend. Whilst u r leading debates we r cleaning our country.Before finishing debates there won't nothing to implement because Malemas brothers n sisters will b stinking armpits back in their own countries We don't want a debate we want the implementation of existing laws of our Republic which they dismally failed to implement. Lmao. The people are leading themselves, that's why you are *trying* to catch up.

...as if is DOING WELL as NOW !!! the ANC MUST G.O. GTFOH Black people were born into recession, they will perish into recession, whether Ramaphosa is pres or not, whether ANC rules or not.. Let it fall maybe the people who brought the rand into our land will leave, so that we as Africans can clean our oen house. They can take MfanaKeMfana with them

We are tired of being fed this thumamine by stellenbosch as if is our messhia Rubbish Let it collapse Such a nonsensical article Apart from oil what do we need from other countries? Maliwe

No strained relationship, Pule Mabe says of Sisulu- Ramaphosa dynamicMabe says the exchange between Lindiwe Sisulu and President Cyril Ramaphosa should not be interpreted as a spat between the two senior ANC members Please keep up the good work, it was mind blowing when I opened my wallet and saw profit of R70k from the investment of R7600 MichaelWeldon_ Nooo. No strain whatsoever. That's why there's no action.

The perennial fear mongering by you know who We don’t care When R500 billion disappeared, this bloody rand became stronger, didn't collapse. This proves that nothing good can be attached to the strength or loss of strength of this moody rand. In fact it chooses who to please, hates poor black people. Which economists are those? Ke ba kopa one by one.

What hasn't collapsed under him? So if that happens it will be the last he collapses.. let it happen I pray he loses 🙏 ta_kweila Let it collapse.... a revolution will not be stopped. The ground has had enough hence loans that dont have clear mandates... We know the puppets n u are one of them. History has not taught you anything. Empires always crumble. History doesn't repeat itself but people do.... Haha

So is also CR17’s faction PR desk? I never thought you’d stoop so low… how we long for honest journalism in South Africa. This is utter rubbish 🤮🤮 Let it collapse Le bua masepa fela

Ramaphosa warns ANC members not to lower their guard against counter revolutionAfrican National Congress (ANC) president Cyril Ramaphosa has warned ANC members not to lower their guard against counter revolution. The revolution always eats itself. Is this guy on drugs? Where is this so-called counter revolution coming from? Each ANC faction regards other factions as counter revolutionary.

Nonsense!! 🤣🤣🤣🤣🤣wow based on what The country has trillions in debt.. Dont fool us... Theres no rand value...nothing left! Unless u can explain how Ramaposa z keeping the collapsed rand going? Bcoz he does absolutely nothing! Keep fooling yoselves... There are 26 letters of Alphabets. We don't don't him and his Colonial Rand. He must go worship his white Queen in England because they got him by the balls.

What do u call it now? Dead? Lol!! Wtf Let the rand plummet. This time around we'll definitely pick it up if it falls! Collapsing is nothing... It must die if need be, but that guy must go. Mere fact that big organizations are firing ppl for not vaccinating under his watch.... Cyril ayo hwa hle Let it collapse for f*CK sake...and when the Rand collapses he should also collapse as well...coz ke MFANA🤦🏾‍♂️

ANC NEC Lekgotla closing address by party president Cyril RamaphosaAfrica National Congress (ANC) President Cyril Ramaphosa is making the closing address at the NEC.For more news, visit sabcnews.com and also SABCNews Coron... ANC Ubuntu culture. Every one is my brother, daddy, mama, sister wither they are good or bad and family stick together - and why no ANC/EFF cretin will go to serious jail time. As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of AMBREYMARCUS1 . Few month ago I was struggling to fend for my self and my kids ,at my last bus stop I decided to give Bitcoin trading a try ,through the help of AMBREYMARCUS1 I was able to earn R250,000 in 2 weeks thank you so much Mr AMBREYMARCUS1 .

The Propaganda machine in play. 🤣🤣🤣🤣🤣 Fck the Rand I GOT XRP!!!! 😂😂😂😂 Looting continues We don't care, let the Rand collapse to the floor, we will lift it up, Ramapuppet is going and we can't tolerate this bs for long, he had done nothing to improve the quality of life of common citizens,all they do is squander all the money through corrupt deals,he must go

Let it collapse, fok we can't be held ransom like this What is the purpose of democracy, if the rand elect the President, lea lapiša lena maan. Why don't you just open a campaign office and do it freely stop hiding behind the Rand Kleva blacks will definitely believe and support this propaganda. Let the rand collapse, the people will choose whomever they want.The markets should not and cannot dictate who does the people want to represent them.

He must start by paying his members Luthuli house but he's failing to do that so the rand can collapse we do not care everything is expensive bcos of him. Hamba Ramaphosa Hamba ixesha lifikile

Pule Mabe snubs ANC scuffle: Denies beef between Ramaphosa and SisuluPule Mabe snubs ANC scuffle: Denies beef between Ramaphosa and Sisulu ANC spokesperson Pule Mabe has denied any strain in the relationship between President Cyril Ramaphosa and Lindiwe Sisulu.

It can collapse Asinendaba nalelo rand ne Zim dollar yahamba but bayaphila ngaphandle kwedollar Weeh is this a joke or wat?no justice in mzansi serious Go to hell with those views African people have a reputation of incompetence because bad leaders occupy office and good leaders stay home and they come in ethnics. Measured in aptitude not nepotism.

Nomvula will pick it up The wasted four years have been observed. Rather collapse the rand, it will gain its strength after the inauguration of the new President of this country. We have had enough ANC divisions already. 🤣🤣🤣let it fall Anime Nonsense!

That's not our problem. Go on and manipulate the rand as he stands for your own interests.... Hayi yi-film Then let it be, we'll work to strengthen it once we have gotten rid of him. 😂😂😂😂😂😂 futsek AlkebulanThe Ramaphosa is not the Messiah They are getting ready to manipulate the rand. This economist if he's worth his salt knows there is no such

And most likely will collapse if he is , as he hasn’t acted on corruption and ANC incompetence And there's someone out here who actually believes this 😩 Rand ya masepa... Bring it on nxa!!! Let's not talk about South Africa has fallen apart due to more power failure, streets not attended to be fixed, robots are out in Johannesburg

Unemployment rate at its peak, petrol keep rising, there is covivi, food expensive, MYANC SAns depend on grants , CyrilRamaphosa is forever shocked,SA is burning n Rand never reacted but will react on that? SA media is a movie Yifilmi 😭😂😂😂😂😂😂 SAfmBTH UpdateAtNoon It has already collapsed along with our state coffers, public infrastructure, and our dignity as a country.

Re tlae topa It must collapse if need be Ramaphosa as the ANC president 👇, has to be fucked so the rand doesn't collapse 🚮🖕🏿,what kind of rand is that ? Scare tactics Let it collapse together with the Constitution. Asinandaba thina. Uhumm, we'll pick it up... That's absolute nonsense the country has collapsed under his leadership and it keeps getting worse.

What if Cyril dies in an accident or something? He's mortal like all of us, he could die tomorrow morning. What will the rand do? This economist is talking nonsense.

We are in the dog already. then let it collapse But he ain't doing anything, so what will it make it to collapse? 🤔😂 Tlohelang bapala ka kelello tsa batho nxaaaa nothing new Let it collapse then This means nothing to South Africans Sivile sizovota😫 Mfxm!!! CyrilRamaphosa schupid

Who the fuck cares? 'we dont believe you, you need more people' We survived the worst as a country, let it collapse Such reporting is tantamount to treason. Absolute garbage Let it fall The rand can collapse it will pick up again The rand is so MOODY Mxm 😂😅

But don’t his bosses control the currency This is normal when a new president takes over. No one knows how the new president is going to lead the country, not even the markets manipulators. That's basic economics and this happens in every country when a new president is elected, their currency collapses.

Ramaphosa is burning our country. Can somebody issue a warrant for the public arrest of the president! Re tla e thiba ka dib.... It's fine, let it collapse.RamaphosaMustGo Nonsense Let it collapse cause its not helping the majority even when its positive. Imihloka ka James Sies who cares if the fucken rand collapses

Oh! please. Surely by now you are aware that SAns know better.

So be it. We don't own it anyway And so the Thumamina propaganda machine starts to run again🙄 GSF1250F You mean if ANC gets re-elected… The rand must fall we don't care 🖕🖕🖕 🤣🤣🤣🤣 Mxm LMFAO! the rand has been collapsing since 1960, the purchasing power of R100 in 1960 equals R9,464.15 today, doesn't matter if we re-elect the mfer! coz every fiat currency in the world is going to zero against gold & bitcoin.

What the hell has this guy done? Really? Rand blackmail? Last people were saying no one can pick up the Rand, but it can be carried? 👀

Let it collapse it doesn't not serve anyway and Ramaphosa has nor improved anything. Voetsek Hahh thats a blackmail.😂😂😂😂😂😂 Stellenbosch Mafia will likely lose control of political power if Ramaphosa is not re-elected ANC president it's not about the Rand. Paid opinion piece. It's been collapsing since his appointment and it doesn't serve the majority it's all fake business practice

🤣🤣🤣🤣🤣 let it collapse will shall pick it up. Next they will tell us if ANC not re-elected in 2024 South Africa will be on fire It has already collapsed We want the whole of the MYANC to collapse,not only this incompetent individual

Bloody propaganda so early🚮🚮🚮He still won’t make it to the second term This Rand is emotionally line hliziyo ye juba encane😂😂 Now this is state capture MotshoaneMabena MzwaneleManyi ukahle? As I prepare to fight for Ramaphosa F*cking bullshit! Let it collapse. Many of us blacks have been living with a collapsed rand for decades! The middle class and rich are the ones to be concerned...

Fake news 😅🤣🤣🤣🤣🤣🤣😅😅🤣🤣😅 Bayanya aba..how further can it collapse..we on survival mode already..

It's about time Economists never get anything right, so why would we care about what they say Better be Sies 🤧 The rand canvassing for Cyril. Must be nice. It must collapse Amasimba ke lombhedo enisitshela wona la, iRandi collapsed long before lomkhufefe owu Ramaphosa. Manje nifuna abuyiswe ngenkani lo Ramaphosa wenu ingakho senisisabisa ngale Randi leni. Let it collapse bcos it is as useless as himself it doesn't do us any good in anyway.

Nonsense is he God,he already messed our economy.RSA is at its knees because of this guy.Its high time we stop blaming the past President he has 4years to account.His only proud of Zondo commission,besides that he hasn't done anything for Mzansi than bringing vaccines to the RSA How much did u get to report dis?

🤣🤣🤣

Rand has collapsed a long time ago . Don't scare us with your bullsh*t Who are these economists? Let it. We are so tired of bullying vis financial vehicles. We don't want him. Those who love him so much must take him away with them We will survive. We surviving the worst. That is CR. Ruperts rand manipulators have started.

They are showing their true colours Let it collapse Fvck the Rand and fvck ramaphosa presidency “Aliwe sizolicosha!”

This is very likely, as this would mean the looters are back. Ao👀 🤣🤣🤣🤣🤣🤣 but we know that it is manipulated Lol Bullshit Just via inflation, the rand has lost 85% of its buying power in the last 30 years (99.5% over 60 years). Against the $ it's dropped from R2.89 in 1992 to R15.31 in 2022. However you look at it, the rand has been collapsing over time. CR has in fact had little impact either way.

Let it collapse then... Cause as things stand, I don't think it can go any lower. And why now, surely the rand has gone down based on his leadership alone, and now the same rand he let go wants to be his Savior? This rand is not loyal Aliwe sizolicosha So the rand fond of anc now? WMC is doing a great job already. Let it collapse! We're tired of being manipulated.

😂😂😂 🤣 🤣 🤣 WMC and Ramaphosa's tactics. Nizwile.... Let it collapse, nonsense this guy called Matamela is not God 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️ Not the elections, but the banks 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 It’s ok, Nomvula will pick it up 😅

Yeah white people love this niggah we really don't want him

This Rand is factional. 😂😂😂 Empty threats!!,don't force us this failure. Let it fall. Ranko is not some kind of god, wilding some fake power... Niyasinyela! 😂😂 Ngisho lingaze liguqe ngamadolo sikhathele !! Good day I am a meticulous candidate who holds a BSc (Hons) in chemical engineering and a BSc in Chemistry. I have a strong desire to learn and I am committed to personal growth and career development. Am looking for a job or Internship 🙏🥺

The rand is factional and it already worsened during his tenure 😭😭 Rand loves murdered.why? 😂 Paid headlines You are doing a very bad job campaigning for him. Give ANC members in good standing space to go into a conference and elect people they believe will take the mandate of the organisation forward. Why it did not collapse when Groenewald of the FF+ took over from Peter Mulder?

Don't stress Mam' uNomvula is still alive😫😫 We will pick it up... 😌 Let it collapse! The Rand will have to vote for him if wants to avoid collapsing. 🤣🤣 We will pick it up … Indeed Stelenbosch mafia controls the rand, Maria Ramos we see her Dear reader, note how you are being prepared for the shenanigans that transpired when monopoly capital fiddled with the rand during the tenure of His Excellency President JG Zuma.

How is he helping it not collapse Mara the blackmail 🤯💔💔

ali_naka They are no longer hiding their funders interests Let it tank if its stability is anchored on person, but not policies. Country cannot be held at ransom Let it collapse nxn What kind of nonsense is this now? This economists are soo mad Let it collapse but chances are very slim for second term We'll never fall for this nonsense ever again. We know what they do with the Rand. Maria Ramos admitted but wasn't held accountable. Corruption reign

We will not be threatened to keeping that guy we are removing him come the conference this December we will deal with it This rand is super picky 🧐 This theories of the rand collapsing have been heard before and the rand didn't collapse

Let it collapse and the people of this country will pick it up! Ramaphosa is not a God! Rubbish Nonsense Amasimba lawo, lets it collapse, solicosha washo no Nomvula, ningazosisabisa la Ave nisenza msunu njalo Nina nxaaaa You mean the puppet masters will put sanctions on the ZAR if their puppet isn't re-elected? Moody's will start downgrading RSA again? Lol. It's funny how they don't hide their intentions anymore... Revelation of the method.

Wanya!! These political threats don't move us anymore together with your investor confidence nyoso Lol fuck those economist Ekwa makgowa a di tsotsi Rubbish, let it collapse ngithi linomqondo, it will stand up again Do we care ?

Let it collapse it doesn't serve the Black Majority anyway that rand . Okaslayo RamaphosaMustGo Lol Let that shit collapse😂😂😂 As we speak we're in survival mode under the leadership of this guy, to me the rand has already collapsed so I don't know which drugs these economist took but it's dangerous. ali_naka 🤣🤣🤣

ANC will be way much better and strong without him. ali_naka Let it fall Ramaphosa his not God/Allah. Tsek

🤣🤣🤣 😂😂😂👍🏽👍🏽👍🏽 they will collapse it. They plan to collapse it. Rig trades and manipulate the ZAR. K Not this shit again😂 ali_naka 🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄 We heard these lies before. ali_naka Tsek 🤬🖕🏼

😂😂😂😂😂😂😂 Stop being pretentious ali_naka What if Ramaposa dies before his re-election, does this mean he must be life president because the Rand will crumble? smh

They are now working overtime 😂👌🏿😂😂🤡🤡🤡 ali_naka Baanyaaaaa How low can it go though? CyrilRamaphosa was responsible of employment not jobs losses. Service delivery was an optimum goal and focus on SAns now so called right-wingers. What up with South African Human Rights comission? Oh ofcourse everyone was on holiday. Stomach politicians

Great! Old colonial rubbish out. ali_naka Sanama bish ali_naka Let it collapse...it will bounce back jst like wen he took over frm jz... Let it collapse asinandaba We don't care we will eat dust What an emotional Rand, a Rand that is affected by party politics... If Cyril is re-elected as an ANC president, the whole country will be in flames... The guy is useless in this country.

Who's Rand are you talking about? 😂😂😂😂😂What 'n kak statement Really🤨😂 Bulll...it will collapse futher when he is reelected You can’t be serious 🤣 People have reached that level of ' we dont care '. how about Anc if they dont win at all ? 😂😂😂😂 what Fallacy and illusion is this ? Yey aliwe! Talk about fear mongering

lol we will survive Is that another variant predictions BrenthurstSA BS! WMC will collapse not the rand. It's fine... it's not doing well anyway 🤣🤣🤣 What has he done so far mxm...he shall not win the upcoming elections!! Call him 'Randmaphosa' what a guy...

Credit ratings agency Fitch forecasts that the ongoing impact of the Covid-19 pandemic, fading base effects, and persistent structural constraints will see the country’s economic growth slow to 2.1% in 2022. It added that poor labour market conditions will cap private consumption growth. The rating agency said that government consumption and investment will provide some tailwinds to economic growth and that the South African Reserve Bank (SARB) to maintain a hawkish bias over the course of 2022. Key to this is that Fitch anticipates president Cyril Ramaphosa to face continued opposition from leftist elements within the ruling African National Congress (ANC), but to survive a leadership challenge at the party’s elective conference in December 2022. “Markets broadly anticipate such an outcome as well, and that South Africa will follow a path of fiscal consolidation,” said Investec chief economist Annabel Bishop. “Should Ramaphosa not retain ANC leadership at the elective conference at the end of this year the rand would likely collapse as foreigners disinvest .” Bishop said investors would fear major fiscal deterioration under a change of president, as the ANC’s Radical Economic Transformation (RET) faction and other left-leaning political forces are not expected to continue to seek to narrow the fiscal deficit from close to -6.5% currently toward 3% of GDP over the next five years. South Africa’s ratio of government debt to GDP is expected to be reined in eventually as well, with debt stabilising. However, eliminating the deeply popular president from the leadership of the ANC, Fitch said, would likely see ‘slower progress on structural reforms’. Populist economics The ANC’s poor performance in the 2021 local government elections is likely to affect both growth and the fiscal trajectory of the country, say economists at Momentum Investments. “Some political commentators have warned that the results may tempt the introduction of more populist policies as the ruling party attempts to win back defected voters. “If the focus has indeed shifted from localised issues, such as service delivery, to concerns over national policy, this would pose a further threat to government’s fiscal consolidation and debt stabilisation goals.” Economists at the Steelbosch University’s Bureau for Economic Research (BER) also expect the ANC’s internal fighting to be a key focus over the coming year. “The Presidency and Tourism Minister Lindiwe Sisulu issued conflicting statements after a meeting between President Cyril Ramaphosa and Sisulu regarding the minister’s recent controversial op-ed on the constitution and the judiciary. “We are likely to see more of the same throughout 2022 as opposing factions jostle for positions ahead of the ANC’s elective conference in December 2022,” it said. Read: