The most pivotal South African election in decades is already turning the tide of the country’s financial markets. Money has been pouring into the country on a bet that the African National Congress (ANC) will win enough of the vote to avoid being forced by left-leaning coalition partners to implement less market-friendly policies. South African bonds absorbed the most cash in April since Bloomberg started tracking the data in 2019, and the trend is continuing in May. Stocks are at a 15-month high. The rand is one of only five emerging-market currencies to strengthen this year.
SA rides wave of investor cash ahead of crucial elections
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South Africa Rides a Wave of Investor Cash Before the Election
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FIIs | FII outflows: On longer-term structural side, Goldman Sachs overweight on India & Indonesia: Sunil Koul
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Rand Erases Losses on Optimism Over South African Vote Outcome
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