What are the key issues for investors in South Africa’s 2024 election?
South Africans vote in a national election on May 29 and, for the first time since the end of apartheid 30 years ago, polls suggest the ruling African National Congress party (ANC) is at risk of losing its parliamentary majority. Investors are paying close attention. WHY IS A MAJORITY IMPORTANT? If the ANC gets less than 50% support it would have to seek one or more coalition partners to govern Africa's most industrialised economy. The new parliament will choose South Africa's next president. The new government will set fiscal and economic policy for the coming five years, and investors want to see if the…