Nedbank CEO Sees S. Africa Policy Continuity With ANC Dominance [Financial Post (Toronto, Ontario, Canada)]
NEDBANK GROUP LTD S/ADR (NDBKY)
NASDAQ:AMEX Investor Relations:
nedbank.co.za/content/nedbank/desktop/gt/en/aboutus/investor-center/latest-financial-results.html
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Source: Financial Post
play even if it doesn't win an outright majority, the head of Nedbank Group Ltd. said. Author of the article: (Bloomberg) — South Africa investors should expect the nation's embattled ruling party to retain power in the May 29 election, which would keep its policies in play even if it doesn't win an outright majority, the head of Nedbank Group Ltd. said. According to outgoing Nedbank Chief Executive Officer Mike Brown, investors are likely to be patient as they await the outcomes of polls in more than 60 countries worldwide this year, including in the lender's home market of South Africa, where the African National Congress has had a majority for 30 years since the advent of democracy in 1994. Article content Article content “What every single poll tells you is that the ANC is likely to be — by far — the largest party in parliament — they may be just below 50% or just above 50%. And that means largely existing policies are likely to remain intact,” Brown said in an intervi
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