Hints and tips:
...make sure [any transfer to the government] is neutral from a monetary perspective, and not supporting [fiscal] spending, and [that it does not reopen] independence question booby traps,” said Peter Attard Montalto...
...“The promise of future rent extraction [in resource deals] is probably more important than current cash flow considerations,” said Intellidex’s Attard Montalto....
...“A live wire has clearly been touched and the board has succumbed to political interference to remove him,” Attard Montalto added....
...“It seems rather odd a board would force out a CEO after an interview raising the widely known issue of rent extraction in and between the government and Eskom,” said Peter Attard Montalto, head of capital...
...“While there is some attempt to dress this up as a policy debate, I think most investors can see through it as a very blatant move by vested interests in the party to open the taps again,” Attard Montalto...
...“Based on the panel report, [the South African Reserve Bank] are going to have to fine him,” said Peter Attard Montalto, head of capital markets research at consultants Intellidex....
...But a basic income grant was also “only one part of a social wage”, said Peter Attard Montalto, head of capital markets at South Africa’s Intellidex research consultancy....
...Letter in response to this article: South Africa should not be on the travel red list / From Peter Attard Montalto, Director, Intellidex London, SW1V...
...Peter Attard Montalto of Intellidex, a capital markets research firm, warns that ultimately investors could lose faith in the prospects for growth....
...The R200bn total was already large compared with the bank debt stock of small and medium businesses in the country, says Peter Attard Montalto of Intellidex, a South African research group....
...An offer to investors to swap their Eskom bonds for sovereign paper would be more effective because Eskom debt is already widely seen as a de facto government obligation, said Peter Attard Montalto, an analyst...
...Peter Attard Montalto, analyst at Intellidex, the South African research group, said that the delay to the release of mobile spectrum was “the perfect example” of what is holding South Africa’s economy back...
...“The market will call this QE though we prefer to call it asset purchases,” Mr Attard Montalto said....
...“[Mr Gordhan] seems to be stepping over the line”, said Peter Attard Montalto of Intellidex, a South African research firm. “We see a political clash coming on this front.”...
...Blackouts are “impossible to forecast but the system is right on the edge”, said Peter Attard Montalto, an analyst at South Africa’s Intellidex research firm....
...“In reality this is completely unworkable . . . there would be no buyers,” said Peter Attard Montalto, analyst at South Africa’s Intellidex research firm....
...Peter Attard Montalto, analyst at South Africa’s Intellidex research company, said it was unlikely Eskom’s bailout would be the last....
...Market moderation would serve to encourage Mr Zuma, Mr Attard Montalto said: “The orderly move sends a message to the presidency that the market does not care about the reshuffle....
...Nomura’s Peter Attard Montalto noted immediately after Mr Gordhan’s departure that “the market will be watching [for] blowback risk”, though he was sceptical that Mr Zuma would actually be forced to step...
...“There is a solidity and cohesiveness to his [Mr Zuma’s] faction,” Mr Attard Montalto added....
...“Zuma is weaker, definitely, but the tender faction is overall about 60 per cent of the ANC,” says Mr Attard Montalto....
...“I do not see this as a positive,” said Peter Attard Montalto, an analyst at Nomura....
...“Downgrade risk, markets as a constraining factor, the business community’s calls for calm are all not stopping this from moving forward — very much against the market view,” said Peter Attard Montalto,...
...Additional reporting by Hudson Lockett, Joseph Cotterill and Richard Blackden...
...ANC and aligned to President Zuma want to see Pravin Gordhan in jail, or indeed that this case could ever come to trial given the politically damaging evidence that could be produced,” said Peter Attard Montalto...
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