Reported 4 months ago
South African assets are rebounding as investors anticipate a market-friendly government emerging from upcoming coalition talks, causing the rand to surge by 1.6% after the ruling African National Congress failed to secure a majority for the first time in 30 years. Speculations include potential alliances with various parties, with the Democratic Alliance seen as a favorable scenario for financial markets. Despite uncertainties, the ANC aims to maintain investor confidence and economic policy continuity in selecting a coalition partner.
Source: YAHOO