Viceroy’s traction is Ramaphosa’s challenge

South Africa’s reputation for insalubrious dealings under Zuma makes it fertile ground for maverick short-sellers.

South Africa’s new president Cyril Ramaphosa

Viceroy Research is little more than a blog, a googlemail account and a handful of connections in the hedge fund world.

But the activist short seller has managed to make some noise in another South African attack after its successfully vocal short on local retail group Steinhoff International Holdings. 

Amid all the talk of state capture under former president Jacob Zuma and strange accounting at Steinhoff, investors have started to question even the country’s most-respected institutions and businesses.

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