ANC-EFF Coalition Fears Rattle South African Markets and Investors

Africa · Southern Key Facts —Election shock. The ANC lost its outright majority in May 2024, falling to 39.7% of the vote and forcing the first national coalition since 1994. —Market reaction. Coalition uncertainty weakened the rand by 1.7% and pushed South Africa’s international bonds down by up to 2 cents on the dollar. —EFF…