Sata Upset Means Changes Imminent, But No Time To Panic

BMI View: The victory of opposition presidential candidate Michael Sata in the elections held on September 20 has spurred a negative market reaction. While we believe that his victory - and the groundswell support for change that is represents - will mean significant modifications in the all-important mining sector, however we don't believe that mine nationalisation poses a significant risk, and many of the proven policies of the previous government will be maintained.

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