Moody’s acknowledges upcoming local government elections presents political and policy risks in SA [SOUND]

# Momentum Investments’ Chief Economist, Sanisha Packirisamy says in Moody’s baseline assumptions the government of national unity is expected to see through its term. However, she says Moody’s acknowledges that the upcoming electoral cycle, including the local government elections scheduled for 4 November, presents political and policy risks in South Africa. Packirisamy says while Moody’s notes that reform momentum might slow down during the election period, a complete rollback of these structural changes is seen as highly unlikely: