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30 May 2024

“The ANC [African National Congress] might have to consider forming an alliance with one of its major rivals in order to maintain its hold on power. (These results) give the ANC the option of partnering with the market-friendly DA [Democratic Alliance], which markets would undoubtedly prefer, or one of the two populist parties that advocate for the nationalisation of mines and banks. The possibility of an unstable coalition is causing concern in financial markets, as such a coalition would likely demand policy changes that could discourage investment.”

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Senior executive at M&A advisory firm Deal Leaders International
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