South Africa: Ruling ANC is losing its grip on power - BBH
|Research Team at BBH, notes that early results of South African elections show that the ruling ANC is losing its grip on power.
Key Quotes
“The Independent Electoral Commission released early returns showing the ANC trailing in the capital Pretoria, Johannesburg, and Port Elizabeth, confirming the opinion polls. While this would be a long-term positive, we believe that the ANC will try to buy its way out of this situation by opening up the fiscal spigots ahead of the 2019 national elections. That would likely help trigger the ratings downgrades we’ve been warning about.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.