ANC NEC Wants Zuma Gone

13 February 2018 | SA Views | Ian Stiglingh

World News

Global markets recovered from last week’s sell-off with Asian, UK and US markets posting more than 1% increases. Energy companies provided a boost for Wall Street yesterday in what was a second consecutive session of gains, indicating that the storm has passed over. Risk assets are performing well and commodities are getting a boost.


South African News

SA markets gained yesterday helped by domestic companies, especially in the financial sector, following reports that President Zuma agreed to step down. The news flow changed somewhat last night and it now looks like President Zuma is refusing to adhere to the NEC’s request to step down and the next step will be to recall the president. A media briefing from the ANC later today should set the record straight amid many fake reports.

Company News


RCL Foods [RCL] has released a trading statement which says that headline earnings are expected to increase between 46% and 66% compared to the previous period.


credit: Graph Provided by Sharenet Advanced Online Charts

Trade RCL From 0.3%

The Day Ahead

The rand is biased for further gains today, receiving a boost from global risk-on trading today. Also expect a positive reaction if President Zuma is removed from office, which could materialise today. The ANC NEC will hold a press briefing at 12pm, which will provide an update on the situation. The data calendar also has UK inflation due to be released.

Key Results Out Today

SA Unemployment


Quote of the day

"Any woman who understands the problems of running a home will be nearer to understand the problems of running a country." - Margaret Thatcher, former UK Prime Minister



Ian Stiglingh
Quantitative Investment Analyst

Ian Stiglingh is a full time quantitative analyst, responsible for research of equities across all industries. Ian completed his degree in Mathematical Science in 2013 and his Honours degree in Financial Risk Management in 2014, both at the University of Stellenbosch. During his studies, Ian worked as an intern at Old Mutual Actuaries & Consultants as well as J.P. Morgan in Johannesburg, and is currently a CFA candidate

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