Investors anticipate stable ANC-IFP coalition post-election’24

Investors anticipate a stable coalition between South Africa's ANC and the Inkatha Freedom Party post-May 29 elections, reveals Krutham's research. Surveying 127 respondents, including local and foreign fund managers, the majority foresee the ANC forming alliances, ensuring policy continuity. This coalition, expected to endure up to five years, buoyed by the business-friendly IFP, promises economic stability and potential reforms. As confidence grows, the rand surges, indicating optimism amidst political shifts.

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By Antony Sguazzin

Most investors expect South Africa's ruling African National Congress to form a stable coalition that includes the Inkatha Freedom Party after May 29 elections, boosting financial markets and ensuring policy stability, according to research group Krutham. 

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