Economic outlook following South Africa's 2024 election results
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GUEST - Johann Els - Old Mutual Group Chief Economist
The results of South Africa's 2024 national elections have created a seismic shift in the political landscape, sending shockwaves throughout the country. For the first time since the end of apartheid, the African National Congress (ANC) lost its majority, securing only 40.18% of the vote. This dramatic change has significant implications for the country's economic and political future, as the nation faces a period of uncertainty and potential market volatility until the political situation becomes clearer.
The results of South Africa's 2024 national elections have created a seismic shift in the political landscape, sending shockwaves throughout the country. For the first time since the end of apartheid, the African National Congress (ANC) lost its majority, securing only 40.18% of the vote. This dramatic change has significant implications for the country's economic and political future, as the nation faces a period of uncertainty and potential market volatility until the political situation becomes clearer.