The big question on many investors' lips is: when will President Jacob Zuma go? While many South Africans see his departure as a step towards improved living conditions and better economic prospects for the country, there's big money to be made by investors in accurately timing a change in the country's leadership. For insights into when Zuma will move on, many look to Peter Montalto, a London-based South Africa specialist with Japanese global investment bank Nomura. In addition to having well-placed connections in South Africa and making it his business to regularly visit the country to assess the mood and deepen his understanding of the country's political nuances, Montalto is a remarkable number cruncher and analyst. Big bets have been placed on Zuma leaving sooner rather than later, as a result driving up the rand's value. But Montalto reckons traders shouldn't bank on Zumxit any time soon. He also cautions against being overly enthusiastic about the rise of the DA following local elections. It's going to be more challenging than meets the eye for it to outshine the ANC, is Montalto's message.
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