For the past decade, Nomura's Peter Attard Montalto has been the go-to guy for international investors looking for an independent insight into South Africa. And as the Zuma Administration has dragged on, Montalto has become progressively concerned - it was he who first used "tenderpreneurs" to describe the crony capitals who infest the ANC. In this insightful interview with Biznews.com's Alec Hogg, Nomura's Emerging Markets specialist shares how global investors read the South African political challenges. Sadly, corruption and the tenderpreneurs are now accepted as part of the SA reality. For investors, though, the attraction of the country's stocks and bonds depends on how well Finance Minister Pravin Gordhan is able to reel in the corruption - or at the very least, stop it from getting out of hand. Pragmatic from an offshore perspective. But miles from the high moral ground the Rainbow Nation once enjoyed.
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