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(Bloomberg) -- South Africa is on the verge of an economic turnaround after years of stagnation. This week’s election puts that at risk.Most Read from BloombergSevere Turbulence Leaves 12 Injured on Qatar Airways FlightFed’s Favorite Underlying Inflation Gauge Is Seen CoolingIndia’s Markets Brace for Selloff as Modi’s Poll Goals in DoubtChina’s Housing Rescue Has a Poor Track Record in Pilot CitiesXi’s China EV Dream Came True. 10 Years On, Walls Are Going UpOpinion polls show the African Nation

South Africa is on the verge of an economic turnaround after years of stagnation. This week’s election puts that at risk. Opinion polls show the African National Congress (ANC) is in danger of losing its national majority on Wednesday for the first time since Nelson Mandela led it to power in 1994, ending White-minority rule.

The most pivotal South African election in decades is already turning the tide of the country’s financial markets.

(Bloomberg) -- The most pivotal South African election in decades is already turning the tide of the country’s financial markets.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteEbrahim Raisi, Iranian President Confronting West, Dies at 63Speedier Wall Street Trades Are Putting Global Finance On EdgeSaudi Crown Prince Postpones Japan Trip Over King’s HealthChina’s Housing Rescue Too Small to End Crisis, Analysts SayMoney has been pouring into the country on a

The most pivotal South African election in decades is already turning the tide of the country’s financial markets. Money has been pouring into the country on a bet that the African National Congress (ANC) will win enough of the vote to avoid being forced by left-leaning coalition partners to implement less market-friendly policies. South African bonds absorbed the most cash in April since Bloomberg started tracking the data in 2019, and the trend is continuing in May. Stocks are at a 15-month high. The rand is one of only five emerging-market currencies to strengthen this year.