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Goldman expands SA business on the back of Ramaphosa victory

A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. To match Exclusive BRITAIN-EU/GOLDMANSACHS REUTERS/David Gray/File Photo

Decision to expand operations a sign of firm’s confidence in Ramaphosa’s ability to resuscitate flagging economy

In what it said was a sign of its confidence in President Cyril Ramaphosa’s ability to resuscitate the economy after the ANC’s victory in last week’s election, Goldman Sachs Group is expanding operations in SA.

Goldman Sachs, one of the world’s leading investment banks, also said that it had entered into a partnership with Investec to expand equity trading into the rest of Africa via Johannesburg. Business Day

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