Rand supported by potential for ‘market-friendly’ election outcome
Investor concerns allayed by expectations of an ANC coalition with the IFP, says Annabel Bishop
27 May 2024 - 05:00
The rand hit a nine-month high in May amid investor optimism that the ANC will retain its majority and potentially form coalitions with market-friendly smaller parties.
As the country gears up for Wednesday’s much-anticipated general election, polls show the ANC receiving less than 50% of the national vote. ..
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