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As Cyril Ramaphosa ascends to the presidency in early 2018, not everyone in South Africa is partying. Former president Jacob Zuma’s resignation in mid February has unleashed a burst of optimism about South Africa among emerging market currency investors.
In the stock market, however, the talk is just as much about the spread of an activist short-selling onslaught moving from one of the titans of South African business, Steinhoff International Holdings, to a cornerstone of its financial sector, Capitec Bank.
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