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The Nexus
POLITICSJul 15 · 17:04 UTCTHE RIO TIMESSamuel Ncube

ANC-EFF Coalition Fears Rattle South African Markets and Investors

The African National Congress (ANC) lost its majority in the 2024 election, forming the first national coalition since 1994 with the Economic Freedom Fighters (EFF), causing market uncertainty. This led to a 1.7% drop in the rand and a decline in South African international bonds.

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African National CongressorganizationEconomic Freedom FightersorganizationSouth AfricaplaceRandtopicinternational bondstopic
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ANC-EFF Coalition Fears Rattle South African Markets and Investors · The Nexus