Key to S.Africa's vote is margin of victory

stamfordadvocate.com

- stamfordadvocate.com | 4 months ago

A sell-off could ensue if the ANC fails to win decisively, or if Ramaphosa proves unable to consolidate power within the party, according to Avior's Bam.

In his "worst-case scenario," the ANC's majority falls below 55 percent and the far-left Economic Freedom Fighters party wins more than 12 percent of the vote. Such a result could also spur social unrest and hurt consumer and business confidence as South Africans would expect limited political reforms and a lack of accountability for corruption experienced in the past decade, he said.

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