Hope and Angst Grip South African Markets as Coalition Era Dawns yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Election results from South Africa have left investors swinging between anxiety over the different permutations that coalition may take and lingering hopes that whatever it is will result in a market-friendly government.
Election results from South Africa have left investors swinging between anxiety over the different permuations that coalition may take and lingering hopes that whatever it is will result in a market-friendly government. Before the vote, investors were bullish, confident the ruling African National Congress would secure enough votes for a coalition with a smaller party. That drove gains in the rand and the nation’s other assets.