Excessive uncertainty if Zuma had failed to survive - economist

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President Jacob Zuma (Pic: Liesl Peyer, Fin24)
President Jacob Zuma (Pic: Liesl Peyer, Fin24)

Cape Town - Should President Jacob Zuma have failed to survive the vote of no confidence, the immediate short term reaction would have been one of excessive uncertainty, according to Terry Stratis, an economist and business consultant.

"Markets would have reacted very negatively until such time as there is a clear plan forward. Instituting a 'care taker' government, would have been highly dependent on the expediency and composition of such a government (again uncertainty would have prevailed here)," he said.

"Even if a new government was voted in, uncertainty would have continued to linger in markets due to the ANC National conference in December."

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