Mbeki to resign, no plan, watch the JSE Monday

Mbeki has responded with the ANC’s request to resign by agreeing. No word as to who will become president in the meantime. Plenty of contitutional issues to address, and from some reports it seems that neither Mbeki nor the ANC fully understand them.

No plan, no idea for succession, global markets in turmoil with risk appetite lower than at many points in the past. Guessing Monday will be a interesting day for the JSE.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.