LONDON, March 29 BlackRock remains positive on
South African bonds despite signs of tensions within the
government, the head of emerging debt at the world's largest
asset manager said on Wednesday, adding that investors would
have to "live with" political noise.
South African assets have sold off heavily this week on
speculation the country's finance minister would be removed from
his post. Pravin Gordhan was ordered back home from an investor
roadshow by President Jacob Zuma on Monday.
But BlackRock's Sergio Trigo Paz said he remained "long" on
South African debt, noting that the central bank has room to cut
"There will be noise in South Africa but we will have to
live with it," Trigo Paz told a briefing in London.
(Reporting by Dhara Ranasinghe; writing by Sujata Rao; Editing
by Jamie McGeever)