The EFF may demand that its candidates take “key economic cluster” ministries and the post of speaker of the National Assembly. It may also push for a halt or reversal of the liberalisation of the energy sector, and the rand could hit R21.50 to the dollar if the ANC were forced to enter a coalition with the “red berets’’, says Oxford Economics Africa.

The research firm has published the second of its four post-election scenarios, modelling the economic impact of an outcome in which the ANC’s share of the vote falls to 40% and it opts to form a coalition with the EFF. This is widely regarded in the market as a worst-case scenario for the economy...

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