Nancy Hossack, portfolio manager at Foord Asset Management, believes President Cyril Ramaphosa’s new cabinet is “very positive” compared to what it could have been.

“The worst outcomes are off the table for now, because the Government of National Unity (GNU) may not last five years. We think there is a good chance that it won’t,” Hossack, Citywire+ rated, told Citywire South Africa.

‘Expropriation without compensation is out of the question.’