Hope and angst grip South African markets as coalition era dawns
- May 31, 2024
- Infrastructure
- 0 Comments
Election results from South Africa have left investors swinging between anxiety over the different permuations that coalition may take and lingering hopes that whatever it is will result in a market-friendly government. Before the vote, investors were bullish, confident the ruling African National Congress would secure enough votes for a coalition with a smaller party. That drove gains in the rand and the nation’s other assets.
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