Analysts cross off more unlikely election scenarios
Expectation of final ANC bump suggests a relatively market-friendly election outcome, says economist
20 May 2024 - 05:00
With just 10 days to go to the national election, markets are waiting for final polls, which are expected to show a last-minute “bump” in support for the ANC — suggesting a baseline outcome that is “relatively market friendly”, in the words of Citi economist Gina Schoeman.
And analysts are still probing the impact of post-election scenarios, including one in which the “moonshot pact” ousts the ANC government, but which Oxford Economics Africa and Fitch unit BMI describe as highly unlikely...
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