Anticipated ANC majority loss sparks market uncertainty
Investors anticipated the ANC governing in coalition, but projections showing a loss of its parliamentary majority have caused uncertainty.
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Investors anticipated the ANC governing in coalition, but projections showing a loss of its parliamentary majority have caused uncertainty.
The ANC lost a bid to have a rival party endorsed by its former leader, Jacob Zuma, removed from the ballot before elections in May.
The Rand faces a rare setback with a 0.3% decline against the dollar this month, bucking the trend of its emerging-market counterparts.
The rand dropped as much as 1% to R19.87 per dollar, making it the worst performer this month among emerging markets.
South Africa’s government is looking for a loophole in the ICC’s Rome Statute while the official opposition petitions the court to have Vladimir Putin arrested.